Cormark Comments on MDA Space's FY2025 Earnings (TSE:MDA)

MDA Space Ltd. (TSE:MDA - Free Report) - Equities research analysts at Cormark boosted their FY2025 earnings estimates for MDA Space in a research note issued to investors on Monday, March 10th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $1.13 per share for the year, up from their prior forecast of $1.07. 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 $1.31 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup increased their price objective on shares of MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group upped their target price on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Ci Capital upped their target price on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Finally, Scotiabank raised their target price on shares of MDA Space from C$28.50 to C$34.00 in a report on Monday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$31.43.

MDA Space Price Performance

Shares of MDA stock opened at C$27.91 on Wednesday. MDA Space has a twelve month low of C$11.44 and a twelve month high of C$30.00. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The company has a market capitalization of C$3.40 billion, a PE ratio of 49.61 and a beta of 0.02. The firm has a fifty day simple moving average of C$25.62 and a 200-day simple moving average of C$23.28.

Insider Buying and Selling

In related news, Director Michael Philip Greenley sold 9,700 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. 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 value of C$1,711,660.00. In the last quarter, insiders have sold 361,300 shares of company stock valued at $10,285,710. Corporate insiders own 12.60% of the company's stock.

About MDA Space

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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