CAE, Inc. (CAE) Tops Q4 EPS by 2c

CAE, Inc. (NYSE: CAE) reported Q4 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $722.5 million versus the consensus estimate of $676.55 million.

Outlook:

CAE expects revenue and operating income growth in all segments in fiscal year 2017, led primarily by Civil, which is expected to have higher annual utilization of its training network and low double-digit percentage operating income growth. The Company continues to expect modest growth in Defence and double-digit percentage growth in Healthcare. CAE expects the level of total capital expenditures in fiscal 2017 to remain relatively stable with the prior year ($117.8 million), with the exception of the addition of approximately $100 million capital investment for a specific, long-term training systems integration contract with the U.S. Army. This program is expected to become operational for training in one year's time. Management's expectations are based on the prevailing positive market conditions and customer receptivity to CAE's training solutions as well as material assumptions contained in this press release and in CAE's fiscal year 2016 MD&A.

For earnings history and earnings-related data on CAE, Inc. (CAE) click here.

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