FY2020 Earnings Forecast for CAE Inc. Issued By National Bank Financial (CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – Stock analysts at National Bank Financial issued their FY2020 earnings per share (EPS) estimates for shares of CAE in a note issued to investors on Tuesday, April 10th. National Bank Financial analyst C. Doerksen anticipates that the company will post earnings of $1.36 per share for the year. National Bank Financial currently has a “Outperform” rating and a $26.00 target price on the stock.

How to Become a New Pot Stock Millionaire

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Friday, February 9th. The company reported C$0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.01). The company had revenue of C$704.40 million for the quarter, compared to the consensus estimate of C$734.97 million. CAE had a net margin of 17.02% and a return on equity of 22.67%.

CAE has been the topic of several other reports. Royal Bank of Canada upgraded shares of CAE from a “reduce” rating to an “outperform” rating and lifted their target price for the stock from C$25.00 to C$26.00 in a research report on Monday, February 12th. AltaCorp Capital reiterated a “sector perform” rating on shares of CAE in a research report on Tuesday, February 13th. BMO Capital Markets lifted their target price on shares of CAE from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 3rd. Finally, Scotiabank lifted their target price on shares of CAE from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. CAE has an average rating of “Buy” and an average target price of C$24.66.

Shares of CAE stock opened at C$24.56 on Thursday. CAE has a 1 year low of C$19.57 and a 1 year high of C$24.68.

In other CAE news, insider Gennaro Colabatistto bought 11,220 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The shares were acquired at an average cost of C$18.19 per share, for a total transaction of C$204,091.80. Also, insider Mark Hounsell sold 1,700 shares of CAE stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of C$23.65, for a total transaction of C$40,205.00. Over the last quarter, insiders have sold 2,377 shares of company stock worth $55,973.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.36 annualized dividend and a yield of 1.47%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/13/fy2020-earnings-forecast-for-cae-inc-issued-by-national-bank-financial-cae.html.

About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply