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

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

CAE Stock Performance

NYSE:CAE traded up $3.24 during mid-day trading on Monday, reaching $26.75. The stock had a trading volume of 1,854,951 shares, compared to its average volume of 472,440. The business has a 50 day simple moving average of $24.12 and a 200 day simple moving average of $20.84. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. 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 PEG ratio of 1.79 and a beta of 1.72.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAE shares. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. StockNews.com lowered CAE from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Desjardins raised CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. 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, National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, CAE currently has a consensus rating of "Hold" and an average price target of $25.00.

About CAE

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.