CAE (CAE) Set to Announce Earnings on Thursday

CAE (NYSE:CAE – Get Rating) (TSE:CAE) is set to post its quarterly earnings results before the market opens on Thursday, May 19th. Analysts expect CAE to post earnings of $0.18 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

NYSE:CAE opened at $23.80 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.89 and a current ratio of 1.18. CAE has a 52-week low of $20.96 and a 52-week high of $34.19. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 85.00, a PEG ratio of 3.18 and a beta of 1.58. The business’s fifty day moving average is $25.16 and its 200 day moving average is $25.77.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of CAE by 17.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock worth $89,000 after purchasing an additional 524 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of CAE by 4.9% in the 4th quarter. Alliancebernstein L.P. now owns 24,338 shares of the aerospace company’s stock worth $614,000 after purchasing an additional 1,129 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CAE by 42.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 1,223 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of CAE by 4.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 98,900 shares of the aerospace company’s stock worth $2,496,000 after purchasing an additional 4,031 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of CAE by 30.5% in the 1st quarter. UBS Group AG now owns 23,602 shares of the aerospace company’s stock worth $615,000 after purchasing an additional 5,522 shares in the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.

A number of analysts recently issued reports on the company. Scotiabank decreased their price objective on CAE from C$44.00 to C$43.00 in a research note on Monday, April 18th. Desjardins decreased their price objective on CAE from C$38.00 to C$37.00 in a research note on Tuesday, February 15th. StockNews.com assumed coverage on CAE in a research note on Thursday, March 31st. They set a “hold” rating on the stock. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 15th. Finally, National Bank Financial decreased their target price on CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CAE currently has an average rating of “Hold” and an average price target of $40.86.

About CAE (Get Rating)

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.

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