CAE (NYSE:CAE) Posts Earnings Results, Beats Estimates By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) announced its quarterly earnings data on Thursday. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01, Zacks reports. CAE had a return on equity of 7.75% and a net margin of 7.70%.

CAE Price Performance

Shares of NYSE CAE traded up $0.18 during midday trading on Thursday, reaching $26.91. 488,308 shares of the stock traded hands, compared to its average volume of 775,806. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market capitalization of $8.65 billion, a PE ratio of 32.42, a P/E/G ratio of 3.02 and a beta of 1.03. CAE has a one year low of $24.57 and a one year high of $34.24. The company’s 50 day moving average is $26.61 and its 200 day moving average is $28.70.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Canaccord Genuity Group began coverage on shares of CAE in a report on Friday, March 13th. They set a “buy” rating for the company. Jefferies Financial Group cut their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 17th. Stifel Nicolaus began coverage on shares of CAE in a report on Wednesday, March 4th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FIL Ltd boosted its position in shares of CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock valued at $316,955,000 after acquiring an additional 1,874,739 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of CAE by 0.6% during the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after acquiring an additional 45,754 shares during the last quarter. Snyder Capital Management L P boosted its position in shares of CAE by 0.6% during the 4th quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock valued at $165,526,000 after acquiring an additional 30,235 shares during the last quarter. Invesco Ltd. boosted its position in shares of CAE by 10.7% during the 3rd quarter. Invesco Ltd. now owns 2,438,918 shares of the aerospace company’s stock valued at $72,290,000 after acquiring an additional 236,474 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of CAE by 24.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,102,874 shares of the aerospace company’s stock valued at $61,670,000 after acquiring an additional 418,700 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.