CAE (CAE) to Release Quarterly Earnings on Friday

CAE (TSE:CAE) (NYSE:CAE) will announce its earnings results before the market opens on Friday, May 25th. Analysts expect the company to announce earnings of C$0.31 per share for the quarter.

Shares of CAE opened at C$24.43 on Friday, MarketBeat Ratings reports. CAE has a fifty-two week low of C$19.57 and a fifty-two week high of C$25.13.

In other news, insider Mark Hounsell sold 1,700 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of C$23.65, for a total transaction of C$40,205.00. Also, insider Gennaro Colabatistto purchased 11,220 shares of CAE stock in a transaction dated Tuesday, March 27th. The shares were acquired at an average cost of C$18.19 per share, with a total value of C$204,091.80.

CAE has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on CAE from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Scotiabank boosted their target price on CAE from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a research report on Monday, February 12th. AltaCorp Capital reissued a “sector perform” rating on shares of CAE in a research report on Tuesday, February 13th. BMO Capital Markets boosted their target price on 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, National Bank Financial boosted their target price on CAE from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$24.66.

CAE Company Profile

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.

Earnings History for CAE (TSE:CAE)

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