MDA Space Ltd. (TSE:MDA - Free Report) - Stock analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for shares of MDA Space in a research note issued to investors on Tuesday, November 5th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $0.91 per share for the year, down from their prior estimate of $0.92. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2025 earnings at $0.96 EPS.
MDA Space (TSE:MDA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.09. MDA Space had a net margin of 5.53% and a return on equity of 4.47%. The company had revenue of C$242.00 million for the quarter, compared to analyst estimates of C$221.34 million.
Several other equities research analysts have also commented on MDA. BMO Capital Markets upgraded shares of MDA Space from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from C$15.00 to C$28.00 in a research note on Monday. Desjardins upgraded MDA Space to a "moderate buy" rating in a research report on Wednesday, October 30th. Scotiabank upped their target price on MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their price target on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Finally, Canaccord Genuity Group increased their price objective on MDA Space from C$21.00 to C$27.00 in a report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MDA Space has a consensus rating of "Moderate Buy" and an average price target of C$22.29.
Check Out Our Latest Stock Report on MDA Space
MDA Space Stock Up 0.8 %
Shares of TSE:MDA traded up C$0.19 during trading on Thursday, hitting C$25.48. 328,011 shares of the company were exchanged, compared to its average volume of 253,281. The firm's 50 day moving average price is C$19.03 and its 200-day moving average price is C$15.30. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$25.95. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of C$3.06 billion, a P/E ratio of 67.05 and a beta of 0.02.
Insider Buying and Selling at MDA Space
In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50. In other news, Director Karl W. Smith purchased 3,244 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction dated Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders sold a total of 199,220 shares of company stock valued at $3,285,909 in the last ninety days. Insiders own 12.60% of the company's stock.
MDA Space Company Profile
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MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.
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