Desjardins Has Pessimistic View of MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA - Free Report) - Research analysts at Desjardins lowered their FY2025 earnings per share estimates for MDA Space in a note issued to investors on Tuesday, April 1st. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.43 per share for the year, down from their previous estimate of $1.57. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space's FY2025 earnings at $1.43 EPS, FY2026 earnings at $1.53 EPS and FY2026 earnings at $1.53 EPS.

Other research analysts have also issued reports about the stock. Scotiabank boosted their price target on shares of MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Cormark upped their target price on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Citigroup raised their price target on MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lifted their target price on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, MDA Space presently has an average rating of "Buy" and a consensus target price of C$31.43.

MDA Space Price Performance

Shares of MDA traded up C$0.60 during midday trading on Friday, hitting C$24.06. 182,071 shares of the company traded hands, compared to its average volume of 525,088. The stock has a 50-day moving average of C$25.25 and a 200-day moving average of C$25.08. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The firm has a market cap of C$2.93 billion, a P/E ratio of 42.76 and a beta of 0.02. MDA Space has a one year low of C$11.44 and a one year high of C$30.00.

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.