CAE Faces Cost Overhang But Remains A Buy [Seeking Alpha]
CAE Inc. Ordinary Shares (CAE)
Last cae inc. ordinary shares earnings: 2/7 08:23 am
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Source: Seeking Alpha
The defense business saw 4% revenue growth, but operating income declined 17% and 18% on an adjusted basis. Despite these challenges, CAE is aiming to gain market share in the defense and security market and expects on-premise work to bolster results in Q4. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » In May 2023, I initiated coverage for CAE Inc. NYSE: CAE ) with a buy rating on strength in the pilot training simulator and services. However, after rising over 20%, the stock has fallen back and is trading more or less flat compared to the price levels seen in May 2023, while the broader markets trade 25% higher. In this report, I will be discussing whether the buy rating for CAE can be maintained. CAE Earnings Decline Despite Higher Revenues CAE saw its third quarter revenues increase 13%. However, this did not translate in earnings growth. On the contrary, operating income de
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CAE
News
- NAV Canada threatens workers with use of scabs [Yahoo! Finance]Yahoo! Finance
- NAV Canada threatens workers with use of scabsPR Web
- CAE Inc. (NYSE: CAE) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $25.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- Market movers: Stocks seeing action on Tuesday - and why [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- NAV CANADA and CAE form partnership to train Air Traffic Controllers and Flight Service Specialists [Yahoo! Finance]Yahoo! Finance
CAE
Earnings
- 2/14/24 - Beat
CAE
Sec Filings
- 2/14/24 - Form 6-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- CAE's page on the SEC website