Cormark Comments on MDA Space's FY2024 Earnings (TSE:MDA)

MDA Space Ltd. (TSE:MDA - Free Report) - Equities research analysts at Cormark raised their FY2024 EPS estimates for shares of MDA Space in a note issued to investors on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.93 per share for the year, up from their previous estimate of $0.91. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2026 earnings at $1.24 EPS.

A number of other brokerages also recently issued reports on MDA. BMO Capital Markets upgraded MDA Space from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from C$15.00 to C$28.00 in a research report on Monday, November 4th. Scotiabank boosted their price target on MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday. Desjardins upgraded MDA Space to a "moderate buy" rating in a report on Wednesday, October 30th. Finally, Ci Capital upped their target price on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday. Four analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has a consensus rating of "Buy" and a consensus target price of C$27.83.

MDA Space Stock Up 0.6 %

Shares of TSE:MDA opened at C$26.54 on Thursday. The company has a fifty day moving average of C$20.25 and a 200-day moving average of C$15.76. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$27.47. The company has a market capitalization of C$3.19 billion, a PE ratio of 69.84 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Insiders Place Their Bets

In other MDA Space news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the company's 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 transaction of C$2,911,632.50. Insiders sold 198,920 shares of company stock valued at $3,281,370 over the last ninety days. 12.60% of the stock is currently owned by insiders.

MDA Space Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.