Shares of CAE, Inc. (USA) (NYSE:CAE) surged around 6% on Thursday after it announced that its Q4 net income attributable to equity holders was C$43.8M or C$0.17 a share dropped from C$53.2M or C$0.21 per share previous year.
The excluding C$10.1M of restructuring, integration and purchase expenses this quarter, net income attributable to equity holders was C$53.9M or C$0.21 a share. Analysts polled by Thomson Reuters predicted the firm to declare earnings of C$0.18 a share for the quarter. Analysts’ anticipates typically exclude special items.
The revenue for the three months was C$587.9M, 16 percent more than C$506.7M in the Q4 previous year. Twelve analysts had consensus revenue predicts of C$586.08M for the quarter.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes The Boeing Company (NYSE:BA) lost -0.45%, United Technologies Corporation (NYSE:UTX) edged down -0.67%, General Dynamics Corporation (NYSE:GD) which also decreased -0.61% and B/E Aerospace Inc (NASDAQ:BEAV) closed down -3.06%.
CAE, Inc. (USA) (NYSE:CAE) stock’s trade at beginning with a price of $10.47 and throughout the trading session climbed at a high of $11.25 other than when day-trade ended the stock finally advanced +5.94% to $11.05.
The stock is going forward its 52 week low with 22.46% and looking forward from its 52 week high price with 0.55%. CAE last month stock price volatility remained 2.01%.
CAE stock institutional ownership remained 70.60% while insider ownership included 5.08%. In its share capital CAE has 259.98 million outstanding shares among them 257.52 million shares have been floated in market exchange.
Company’s beta coefficient included 1.43. Beta factors measures the amount of market risk associated with market trade.
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