CAE (NYSE:CAE) Issues Earnings Results

CAE (NYSE:CAE - Get Free Report) TSE: CAE released its earnings results on Thursday. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01, Zacks reports. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%.

CAE Stock Up 13.8 %

Shares of CAE stock traded up $3.24 during trading on Monday, hitting $26.75. 1,854,951 shares of the company were exchanged, compared to its average volume of 472,440. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of -34.73, a P/E/G ratio of 1.79 and a beta of 1.72. The business's 50-day simple moving average is $24.12 and its 200 day simple moving average is $20.84. CAE has a twelve month low of $15.95 and a twelve month high of $27.62.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Cibc World Mkts downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $25.00.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.