CAE (TSE:CAE) Releases Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) posted its quarterly earnings results on Wednesday. The company reported C$0.26 EPS for the quarter, FiscalAI reports. CAE had a net margin of 6.37% and a return on equity of 6.12%. The business had revenue of C$1.17 billion during the quarter.

CAE Stock Up 2.1%

CAE stock opened at C$38.59 on Thursday. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The business has a fifty day moving average price of C$35.97 and a 200-day moving average price of C$37.46. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a market capitalization of C$12.41 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.76 and a beta of 0.57.

Insider Activity at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the sale, the director owned 46,915 shares in the company, valued at approximately C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock. Also, insider Pascal Grenier sold 2,434 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the transaction, the insider owned 21,483 shares in the company, valued at approximately C$760,283.37. This trade represents a 10.18% decrease in their position. Insiders sold a total of 87,975 shares of company stock worth $3,127,182 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

CAE has been the subject of a number of recent research reports. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Scotia dropped their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. Stifel Nicolaus cut their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Desjardins reduced their price target on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Royal Bank Of Canada decreased their price objective on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$47.92.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.