CAE (USA) (CAE) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.25. The company posted revenue of $722.50 million in the period, compared to analysts expectations of $676.00 million. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on CAE (USA). CAE (USA) was Upgraded by National Bank Financial to ” Outperform” on May 6, 2016.
CAE (USA) opened for trading at $12.24 and hit $12.31 on the upside on Monday, eventually ending the session at $12.3, with a gain of 0.99% or 0.12 points. The heightened volatility saw the trading volume jump to 81,900 shares. Company has a market cap of $3,320 M.
CAE Inc. provides training for the civil aviation defense and security and healthcare markets. The Company designs and integrates training solutions. The Company operates through three segments: Civil Aviation Training Solutions Defense and Security and Healthcare. It provides integrated training solutions to three markets such as the civil aviation market which includes aircraft manufacturers commercial airlines regional airlines business aircraft operators civil helicopter operators third-party training centers flight training organizations maintenance repair and overhaul organizations and aircraft finance leasing companies; the defense and security market which includes defense forces original equipment manufacturers (OEMs) government agencies and public safety organizations and the healthcare market which includes hospital and university simulation centers medical and nursing schools paramedic organizations defense forces medical societies and OEMs.