CAE Inc (NYSE:CAE) (TSE:CAE) posted its earnings results on Thursday. The aerospace company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01, Morningstar.com reports. CAE had a net margin of 9.30% and a return on equity of 13.96%. The business had revenue of $699 million during the quarter, compared to analysts’ expectations of $699.76 million. During the same period last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.
CAE (CAE) traded down 0.54% on Friday, reaching $16.46. 172,445 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $17.21 and a 200-day moving average price of $15.81. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 22.24 and a beta of 0.86. CAE has a 52 week low of $13.57 and a 52 week high of $17.88.
A number of research analysts recently weighed in on CAE shares. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, April 18th. BidaskClub raised shares of CAE from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.14.
Hedge funds have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in shares of CAE during the first quarter valued at about $138,000. Trexquant Investment LP bought a new stake in shares of CAE during the first quarter valued at about $173,000. Wetherby Asset Management Inc. bought a new stake in shares of CAE during the first quarter valued at about $207,000. Finally, US Bancorp DE boosted its stake in shares of CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after buying an additional 3,311 shares during the last quarter. Institutional investors own 56.69% of the company’s stock.
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CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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