Cormark Has Positive Outlook of MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA - Free Report) - Cormark raised their FY2025 earnings per share estimates for MDA Space in a research note issued on Tuesday, February 11th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $1.07 for the year, up from their prior estimate of $0.95. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

Several other brokerages also recently issued reports on MDA. Citigroup raised their price target on MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Royal Bank of Canada raised their target price on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Desjardins upgraded shares of MDA Space to a "moderate buy" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their price objective on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Finally, Scotiabank upped their target price on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MDA Space currently has a consensus rating of "Buy" and a consensus price target of C$31.29.

MDA Space Stock Performance

TSE MDA traded down C$0.52 during trading hours on Wednesday, reaching C$23.81. The company's stock had a trading volume of 279,428 shares, compared to its average volume of 546,309. The stock has a market cap of C$2.86 billion, a PE ratio of 62.66 and a beta of 0.02. The business has a 50-day simple moving average of C$27.38 and a 200 day simple moving average of C$21.76. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

Insider Activity at MDA Space

In related news, Director Michael Philip Greenley sold 290,600 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$28.55, for a total value of C$8,296,630.00. Also, Director John Carter Risley sold 61,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total transaction of C$1,711,660.00. Insiders sold 361,300 shares of company stock worth $10,285,710 in the last 90 days. Corporate insiders own 12.60% of the company's stock.

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.