What is Raymond James' Forecast for Linamar FY2024 Earnings?

Linamar Co. (TSE:LNR - Free Report) - Analysts at Raymond James reduced their FY2024 EPS estimates for shares of Linamar in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now anticipates that the company will earn $9.64 per share for the year, down from their prior forecast of $9.89. The consensus estimate for Linamar's current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar's Q3 2025 earnings at $2.26 EPS.

Several other equities analysts have also commented on the company. Scotiabank lowered Linamar from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$86.00 to C$77.00 in a report on Tuesday, October 29th. TD Securities cut shares of Linamar from a "buy" rating to a "hold" rating and lowered their price target for the company from C$89.00 to C$68.00 in a report on Wednesday. BMO Capital Markets lowered their price target on Linamar from C$80.00 to C$75.00 in a report on Wednesday. Finally, CIBC cut their price target on Linamar from C$85.00 to C$84.00 in a report on Thursday.

Linamar Stock Up 0.4 %

LNR traded up C$0.25 during trading on Friday, hitting C$61.23. The company had a trading volume of 193,151 shares, compared to its average volume of 100,368. The company has a market cap of C$3.77 billion, a PE ratio of 6.22, 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 current ratio of 1.68 and a quick ratio of 0.75. Linamar has a 1-year low of C$54.95 and a 1-year high of C$73.84. The business has a 50-day moving average of C$61.68 and a 200-day moving average of C$64.97.

Linamar (TSE:LNR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of C$2.64 billion during the quarter, compared to analyst estimates of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%.

Linamar Company Profile

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.