Analysts on Wall Street project that CAE (CAE) will announce quarterly earnings of $0.25 per share in its forthcoming report, representing a decline of 3.9% year over year. Revenues are projected to reach $863.18 million, declining 7.1% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 4.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during ...

MONTREAL, May 23, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE will release its fourth quarter and full-year FY2024 financial results on Monday, May 27, 2024, after market close. A conference call will be held on Tuesday, May 28, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, CAE's Chief Operating Officer, Sonya Branco, CAE's Executive Vice Presiden ...

As a result, CAE's stock price declined over 13% at open on May 22, 2024. BFA is investigating whether CAE and certain of its executives made materially false and/or misleading statements to investors related to the legacy contracts and/or its defense business. Click here https://www.bfalaw.com/cases/cae-inc-investigation for more details. What Can You Do? If you invested in CAE, Inc. you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency ...

Wall Street expects a year-over-year increase in earnings on higher revenues when CAE (CAE) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move ...

MONTREAL, May 21, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced a re-baselining of its Defense business along with Defense impairments and unfavourable contract adjustments related to eight previously identified fixed-price legacy contracts (the Legacy Contracts). CAE also announced the appointment of Nick Leontidis to the new position of Chief Operating Officer (COO) as part of a senior leadership reorganization to further strengthen its execution capabilities a ...

MONTREAL, May 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the appointment of Patrick Decostre to the Board of Directors, effective immediately. Mr. Decostre is President, Chief Executive Officer and a director of Boralex Inc., a provider of affordable renewable energy in North America and Europe. Prior to his appointment as President and CEO in 2020, he spent 18 years building Boralex's business from the ground up in Europe, where he initiated wind energy i ...

The first-quarter reporting cycle for defense stocks, which are housed within the broader Aerospace sector, is underway, with a handful of industry players having released mixed quarterly performance so far. In particular, while defense bigwigs like Northrop, L3Harris Technologies, Lockheed and RTX have beat on earnings, major contractors like General Dynamics and Textron lagged the same.Taking a look at the whole picture, we remain optimistic about the first-quarter results of the remaining defense majors, ...

CAE to deliver initial training for air traffic controllers and flight service specialists at the new Air Traffic Services Training Centre in Montreal. Partnership increases training capacity at NAV CANADA across the country and is expected to support the training for over 500 additional students by 2028. MONTREAL, April 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – NAV CANADA and CAE today announced that they have signed a strategic agreement to increase training capacity for crucial air traffic servi ...

MONTREAL, Feb. 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. This follows CAE's announcement on October 24, 2023, of the execution of a definitive agreement in respect of the transaction. As previously disclosed, CAE intends to use the net proceeds of this sale principally to accelerate deleveraging, as well as t ...

Cameron Doerksen And maybe just a very brief just follow-up to FadiÂ's questions on Defense. You mentioned you may be seeking some, I guess, equitable adjustments. I know there's something you've discussed in the past. Have you had any success there? I mean, are you optimistic at all that you'll some relief from your customers with some maybe some pricing adjustments within these legacy contracts? Marc Parent I'm optimistic, but I'm not optimistic on the timing, meaning, because I can't I've been wrong ever ...