FY2024 Earnings Forecast for CAE Inc. (TSE:CAE) Issued By National Bank Financial

CAE Inc. (TSE:CAE) (NYSE:CAE) – Investment analysts at National Bank Financial cut their FY2024 earnings per share estimates for CAE in a research report issued on Monday, April 15th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.17 per share for the year, down from their previous estimate of $1.18. The consensus estimate for CAE’s current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE’s Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Wednesday, February 14th. The company reported C$0.24 EPS for the quarter, hitting the consensus estimate of C$0.24. The firm had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group lowered their price objective on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Scotiabank lowered their price objective on CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Thursday, February 15th. Morgan Stanley upped their price objective on CAE from C$35.00 to C$39.00 in a research note on Wednesday, December 20th. Desjardins lowered their price objective on CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, TD Securities lowered their price objective on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$32.80.

CAE Price Performance

TSE CAE traded down C$0.09 during trading on Wednesday, hitting C$26.04. 604,370 shares of the company’s stock were exchanged, compared to its average volume of 575,936. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. The company has a market cap of C$8.29 billion, a PE ratio of 30.17, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a fifty-two week low of C$24.75 and a fifty-two week high of C$33.87. The stock’s 50 day moving average price is C$26.74 and its two-hundred day moving average price is C$27.96.

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.