Martinrea International (MRE) to Release Quarterly Earnings on Tuesday

Martinrea International (TSE:MRE - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Martinrea International to post earnings of C$0.53 per share for the quarter.

Martinrea International (TSE:MRE - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.03). The business had revenue of C$1.30 billion for the quarter, compared to the consensus estimate of C$1.33 billion. Martinrea International had a return on equity of 9.43% and a net margin of 2.65%.

Martinrea International Price Performance

MRE traded up C$0.28 during trading on Wednesday, hitting C$10.95. 185,953 shares of the stock traded hands, compared to its average volume of 152,084. Martinrea International has a twelve month low of C$10.05 and a twelve month high of C$14.59. The company has a market cap of C$819.17 million, a price-to-earnings ratio of 5.90, a PEG ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The business has a 50 day moving average price of C$11.27 and a 200 day moving average price of C$11.42.

Analyst Upgrades and Downgrades

MRE has been the subject of several research analyst reports. BMO Capital Markets lowered their price target on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. TD Securities lowered their price target on shares of Martinrea International from C$19.00 to C$18.00 and set a "buy" rating for the company in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Martinrea International has an average rating of "Moderate Buy" and a consensus price target of C$17.64.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.