CAE (NYSE:CAE – Get Free Report) (TSE:CAE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.870-0.870 for the period, compared to the consensus estimate of 0.860. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $3.3 billion. CAE also updated its Q4 2024 guidance to 0.120-0.120 EPS.
Analyst Ratings Changes
Several research firms have recently issued reports on CAE. Desjardins lowered CAE from a buy rating to a hold rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on CAE from $25.00 to $29.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, StockNews.com raised CAE from a hold rating to a buy rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $34.75.
CAE Stock Performance
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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.
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