|Bid||26.08 x 1200|
|Ask||26.09 x 1400|
|Day's Range||25.86 - 26.10|
|52 Week Range||17.82 - 28.03|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||26.06|
|Earnings Date||Aug. 10, 2016 - Aug. 15, 2016|
|Forward Dividend & Yield||0.33 (1.28%)|
|1y Target Est||19.03|
Raytheon (RTN) secures contract to provide engineering and technical support, depot and intermediate level repair, maintenance and recertification of standard missiles
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
MONTREAL , Nov. 28, 2019 /CNW Telbec/ - (CAE) (CAE) – CAE today announced at the Montreal Council on Foreign Relations (CORIM) that it will become carbon neutral by the summer of 2020. The company will achieve this goal by offsetting carbon emissions from the fuel used for all the live training flights of its academies, from energy consumption in its locations worldwide and from the air business travel of all its employees.
MONTREAL , Nov. 28, 2019 /CNW Telbec/ - (CAE) (CAE) — CAE announces today that it has raised more than one million dollars ($1,015,015) in its 2019 CAE-Centraide (United Way) fundraising campaign. This record amount was collected through employee donations and a corporate donation. "CAE is an important employer in the Greater Montreal area and I am very proud that we have collected more than 1 million dollars to strengthen the community in which more than 3,500 of our employees live and work," said Marc Parent , President and CEO of CAE.
MONTREAL, Nov. 19, 2019 /CNW Telbec/ - CAE (NYSE:CAE - News) (TSX:CAE - News), Jazz Aviation (Jazz) (a subsidiary of Chorus Aviation Inc.), and Seneca have teamed up to develop Jazz Approach, an innovative Canadian program to provide Jazz with a pipeline of top-quality first officers. Cadets will receive a letter of employment from Jazz upon selection into the program, allowing for a direct path to join the airline as first officers conditional upon successful completion of the program. "CAE creates over 1,500 new pilots yearly over 30 cadet training programs globally, and we are thrilled to add a first Canadian cadet pilot training program to our list of curricula," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions.
The best companies are those that operate in industries that are staples, provide services that are in high demand, and have governments for clients, such as CAE Inc (TSX:CAE)(NYSE:CAE).
As you might know, CAE Inc. (TSE:CAE) just kicked off its latest quarterly results with some very strong numbers. It...
CAE Inc. has been building unordered pilot training simulators for the grounded Boeing 737 Max aircraft in anticipation of pent-up demand once the commercial aircraft is permitted to resume operations.The simulator and training company won't disclose how many of the "whitetail" units have been built with no confirmed buyer. But the Montreal-based company says it is preparing for increased demand for the plane's pilot training system.The Max has been grounded since March after two accidents killed 346 people. On Monday, Boeing said it hopes to resume deliveries of the Max in December and win Federal Aviation Administration approval of changes to the plane and a pilot-training course in January, clearing the way for the plane to return to service in the United States.CAE has delivered 19 of the 48 737 MAX simulators ordered so far, including nine shipped this year. The unsold simulators will eventually be shipped to airlines or to its network of pilot training centres."Hopefully, the airplane will fly again in the near future, but we're well-positioned when that happens," CEO Marc Parent said during a conference call about its latest quarterly results. He said the long-term prospects of the aircraft are very good and that airlines will want to train pilots on the system changes that will be incorporated in simulators through software updates. "Our experience is that airlines rarely do just the minimum that the regulators will ask them, even should the training requirements be exactly the same as before," Parent said. "I fully expect that some airlines, a lot of airlines, will move beyond that because they'll want to have dedicated 737 MAX simulators for their own reasons. So we'll be ready for that.Parent said the airplane's grounding hasn't had a significant financial impact on CAE."The impact hasn't been consequential to CAE's results and we don't expect them to be based on what is expected to be the return to service date."It's not totally unusual for the training and simulator company to do some advance building, especially on high volume planes like the Airbus A320 or Boeing 737 Max, added Andrew Arnovitz, vice-president of investor relations and strategy."But here, yes, we are making some call in terms of there being pent-up demand given the fact that the aircraft has been out of commission for as long as it has been and the deliveries as well," he said. "We think it's just smart preempting the demand that we expect."Meanwhile, Boeing announced that it has appointed former U.S. ambassador Donna Hrinak to the newly created position of president of Boeing Canada. CAE said its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth.The company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year.Revenue totalled $896.8 million, up from $743.8 million a year ago.The growth came as revenue at CAE's civil aviation business rose 35 per cent compared with a year ago to $529.9 million, while revenue at its defence and security business totalled $336.5 million, up five per cent from a year ago.Health care revenue was $30.4 million, the same as a year ago.Analysts on average had expected a profit of 25 cents per share and $849.9 million in revenue, according to financial markets data firm Refinitiv.CAE's shares gained $1.37 or four per cent to $35.66 in Wednesday trading on the Toronto Stock Exchange.This report by The Canadian Press was first published Nov. 13, 2019.Companies in this story: (TSX:CAE)Ross Marowits, The Canadian Press
CAE (CAE) delivered earnings and revenue surprises of 10.53% and 8.74%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Revenue of $896.8 million up 21% vs. $743.8 million in Q2 FY2019 Segment operating income (1) of $124.8 million ( $126.0 million before specific items) (2) up 28% vs. $98.7 million in Q2 FY2019 EPS of ...
OTTAWA, Nov. 12, 2019 /CNW Telbec/ - (NYSE:CAE - News); (TSX:CAE - News) – CAE's President and Chief Executive Officer, Marc Parent, was awarded the Aerospace Industries Association of Canada (AIAC) James C. Floyd Award for his exceptional achievement and contribution to the success of the Canadian aerospace industry. Mr. Parent was honoured by the aerospace community at a ceremony during the Annual Aerospace Dinner held today in Ottawa. It is our honour to present him with the James C. Floyd award," said Jim Quick, President and CEO of AIAC.