Raymond James Has Bearish Forecast for Linamar Q4 Earnings

Linamar Co. (TSE:LNR - Free Report) - Analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Linamar in a research report issued on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will earn $1.64 per share for the quarter, down from their prior forecast of $2.09. The consensus estimate for Linamar's current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar's Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.20 EPS, Q4 2025 earnings at $1.96 EPS and FY2025 earnings at $8.47 EPS.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets dropped their price target on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday, November 13th. CIBC dropped their target price on shares of Linamar from C$85.00 to C$84.00 in a research report on Thursday. Scotiabank cut shares of Linamar from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$86.00 to C$77.00 in a research report on Tuesday, October 29th. Finally, TD Securities downgraded Linamar from a "buy" rating to a "hold" rating and lowered their target price for the company from C$89.00 to C$68.00 in a research report on Wednesday, November 13th.

Linamar Trading Down 0.7 %

TSE:LNR traded down C$0.45 on Monday, hitting C$60.78. 82,017 shares of the stock were exchanged, compared to its average volume of 100,285. The stock has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. Linamar has a 52 week low of C$54.95 and a 52 week high of C$73.84. The company's 50-day moving average price is C$61.67 and its 200 day moving average price is C$64.93.

Linamar (TSE:LNR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts' consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The business had revenue of C$2.64 billion during the quarter, compared to analyst estimates of C$2.75 billion.

About Linamar

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.