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CAE Inc. (CAE)

NYSE - NYSE Delayed Price. Currency in USD
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15.92-0.04 (-0.25%)
At close: 4:00PM EDT
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Previous Close15.96
Open15.93
Bid15.21 x 2200
Ask16.69 x 1300
Day's Range15.77 - 16.10
52 Week Range9.80 - 31.56
Volume360,082
Avg. Volume548,331
Market Cap4.23B
Beta (5Y Monthly)1.88
PE Ratio (TTM)15.92
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 12, 2020
1y Target EstN/A
  • CAE Inc (CAE) Q1 2021 Earnings Call Transcript
    Motley Fool

    CAE Inc (CAE) Q1 2021 Earnings Call Transcript

    CAE earnings call for the period ending June 30, 2020.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,575.28, down 78.27 points)StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.46 per cent, to nine cents on 17.8 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 43 cents, or 0.96 per cent, to $45.09 on 8.6 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up 47 cents, or 2.08 per cent, to $23.09 on 7.4 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.49 per cent, to $20.55 on 6.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 15 cents, or 0.43 per cent, to $34.72 on 6.1 million shares.B2Gold Corp. (TSX:BTO). Materials. Down four cents, or 0.47 per cent, to $8.53 on 5.5 million shares.Companies in the news:Metro Inc. (TSX:MRU). Up 61 cents, or nearly 1.05 per cent, to $58.75. Metro Inc. reported a profit of $263.5 million in its latest quarter, up from $222.4 million a year ago, while its sales rose more than 10 per cent as Canadians stayed and cooked at home due to the pandemic. The grocery and pharmacy store retailer, which owns the Jean Coutu Group, says the profit amounted to $1.04 per share for the 16-week period ended July 4, up from 86 cents per share a year ago. Sales totalled $5.84 billion, up from $5.23 billion. Food same-store sales rose 15.6 per cent, while pharmacy same-store sales edged up 1.0 per cent. On an adjusted basis, Metro says it earned $1.08 per share for what was the company's third quarter, up from an adjusted profit of 90 cents per share a year ago.CAE Inc. (TSX:CAE). Down 24 cents, or 1.09 per cent, to $21.70. CAE Inc. says it had a loss of $110.6 million in its latest quarter and plans a restructuring program that is expected to cost $100 million over the next 12 months. Chief executive Marc Parent says CAE faced the full brunt of the COVID-19 pandemic in the quarter and the worst may now be behind it, but the recovery is unlikely to be linear or quick. The maker of flight simulators says the loss amounted to 42 cents per share for the quarter ended June 30 compared with a year-earlier profit of $61.5 million or 23 cents per share. Revenue in what was the first quarter of the company's 2021 financial year fell to $550.5 million, compared with $825.6 million a year ago.Total Energy Services Inc. (TSX:TOT). Up eight cents, or nearly 3.64 per cent, to $2.28. Total Energy Services Inc. reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income. The Calgary-based drilling company's total reported adjusted earnings of $12.9 million on revenue of $70.8 million in the three months ended June 30, was down from $17.5 million on $212.7 million in the year-earlier period. Adjusted earnings beat analyst expectations of $7.3 million despite revenue coming in well below forecasts of $100.7 million, according to financial data firm Refinitiv.This report by The Canadian Press was first published Aug. 12, 2020.The Canadian Press

  • CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third
    The Canadian Press

    CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third

    MONTREAL, Ont. — CAE Inc. plans to lay off 350 employees before November, part of a restructuring program slated to cost $100 million following a loss of more than that in its latest quarter as revenue fell by a third.About 200 of the layoffs will be at the flight simulator maker's headquarters in Montreal, with the other 150 occurring across its civil training network abroad, a spokeswoman confirmed.Job cuts at the company, which has 10,000 employees on six continents including 4,700 in Canada, began in late July and will continue through late October."We saw the full brunt of the COVID-19 pandemic hit us during the first quarter with sharply lower demand and major disruptions to our global operations," CEO Marc Parent told investors Wednesday at the company's annual shareholder meeting which was held virtually.CAE shut down manufacturing at its main facility near Montreal's Trudeau airport and more than half of its civil training network across the globe between April and June.The company delivered only two simulators, while training facility use bottomed out at 20 per cent capacity before rising to about 40 per cent currently, driving down revenue in the civil aviation segment by nearly half in the first quarter of its fiscal year."That's unheard of," Parent said on a conference call with analysts. "Everything is out of whack in this environment."All of its training centres had reopened by July, but many remain at reduced capacity.In its defence division, fallout from the pandemic caused delivery and order delays as travel restrictions and snarled supply chains affected military customers, CAE said.The company's health care unit found that academic institutions and nursing schools, which comprise the bulk of the segment's clients, came under lockdown protocols that hampered its ability to conclude contracts and deliver on existing orders.In response, the company announced a $100-million restructuring program — asset relocations, real estate costs and employee termination benefits make up much of the price tag — that it hopes will yield $50 million in annual savings next year.CAE is maintaining its forecast of negative free cash flow in the first half of its financial year and anticipates it will turn positive in the second half between October and March."The pace of recovery is unlikely to be linear or quick, and it will most certainly be dictated by the rate at which travel restrictions and quarantines can safely be lifted and economic activity improves," Parent said."We continue to view the current fiscal year as a tale of two halves, with the first half of the year marked by lower demand and disruptions, and the second half to potentially begin to inflect more positively."CAE reported a loss of $110.6 million in the quarter ended June 30, amounting to 42 cents per share compared with a year-earlier profit of $61.5 million or 23 cents per share.Revenue in what was the first quarter of the company's 2021 financial year fell to $550.5 million, compared with $825.6 million a year ago.CAE said its loss before specific items in the quarter was $30.3 million or 11 cents per share compared with a profit of $63.2 million or 24 cents per share last year.Analysts on average had expected an adjusted loss of six cents per share for the quarter, according to financial markets data firm Refinitiv.This report by The Canadian Press was first published Aug. 12, 2020.Companies in this story: (TSX:CAE)Christopher Reynolds, The Canadian Press