CAE Inc. (NYSE:CAE) to Post Q4 2024 Earnings of $0.31 Per Share, National Bank Financial Forecasts

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities research analysts at National Bank Financial lowered their Q4 2024 EPS estimates for CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates that the aerospace company will earn $0.31 per share for the quarter, down from their previous forecast of $0.32. The consensus estimate for CAE’s current full-year earnings is $0.87 per share. National Bank Financial also issued estimates for CAE’s FY2026 earnings at $1.15 EPS.

Other research analysts have also issued research reports about the company. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Scotiabank cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group upped their price target on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.75.

CAE Stock Down 1.9 %

CAE stock opened at $18.56 on Wednesday. The company has a market capitalization of $5.91 billion, a P/E ratio of 28.99, a PEG ratio of 1.41 and a beta of 1.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. CAE has a fifty-two week low of $18.26 and a fifty-two week high of $25.04. The stock has a 50-day simple moving average of $19.66 and a 200-day simple moving average of $20.60.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%.

Hedge Funds Weigh In On CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in CAE during the third quarter worth about $29,000. Hillsdale Investment Management Inc. raised its holdings in CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP lifted its position in CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,343 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 935 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.