Tuesday, October 22, 2024
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National Bank cuts CAE earnings forecast


CAE Inc. (NYSE: CAE) recently had its Q3 2025 earnings forecast lowered by National Bank Financial to $0.20 per share from $0.21. The consensus for this year’s earnings is $0.86 per share, while the estimate for Q3 2026 is $0.25 EPS.

Recently, several analysts have changed their ratings on CAE. StockNews.com downgraded it from “buy” to “hold” on October 4. Royal Bank of Canada upgraded it to a “moderate buy” on August 15, while Morgan Stanley lowered it to “equal weight” on August 16. Overall, one analyst has a sell rating, seven a hold, and one a buy, giving CAE a consensus rating of “Hold” and a price target of $28.00.

Check Out Our Latest Analysis on CAE

CAE Stock Performance

NYSE: CAE opened at $19.19. It has a market cap of $6.12 billion, with a P/E ratio of -26.65. The stock’s lowest point in the past year was $15.95, and the highest was $23.24. The 50-day moving average is $18.02, and the 200-day is $18.61. The debt-to-equity ratio stands at 0.67, with current and quick ratios at 0.89 and 0.61, respectively.

In its most recent quarter on August 13, CAE reported earnings of $0.21 per share, slightly above the expected $0.20, with revenues of $1.07 billion, exceeding the $1.05 billion estimate. Despite a net margin of -7.38%, revenues increased 6% compared to last year.

Institutional Investors Recent Activity

Numerous institutional investors have recently adjusted their positions in CAE. Canada Pension Plan Investment Board increased its stake by 9.5% to 1,033,296 shares, valuing it at $19 million after buying 89,800 additional shares. Stanley Laman Group expanded its stake by 20.1%, and Henry James International Management increased its position by 16%. Institutions currently own 67.36% of CAE’s shares.

About CAE

CAE Inc. offers simulation training and operational support globally across civil aviation and defense sectors, focusing on various training solutions for aviation personnel.

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Earnings History and Estimates for CAE (NYSE:CAE)

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