MDA Space (MDA) Scheduled to Post Quarterly Earnings on Friday

MDA Space (TSE:MDA - Get Free Report) will be releasing its earnings data before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating analysts' consensus estimates of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The business had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million.

MDA Space Trading Up 2.2 %

MDA traded up C$0.55 during midday trading on Friday, reaching C$26.03. 550,693 shares of the company were exchanged, compared to its average volume of 254,652. The stock has a market capitalization of C$3.13 billion, a P/E ratio of 68.50 and a beta of 0.02. MDA Space has a one year low of C$10.65 and a one year high of C$26.07. The stock's 50-day simple moving average is C$19.23 and its 200 day simple moving average is C$15.38. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MDA shares. Royal Bank of Canada lifted their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Scotiabank lifted their price target on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Desjardins upgraded shares of MDA Space to a "moderate buy" rating in a research report on Wednesday, October 30th. BMO Capital Markets raised MDA Space from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from C$15.00 to C$28.00 in a research note on Monday. Finally, Canaccord Genuity Group boosted their target price on MDA Space from C$21.00 to C$27.00 in a research note on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$22.29.

Insider Activity at MDA Space

In other news, Director Karl W. Smith bought 3,244 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, with a total value of C$48,120.20. In other news, Director Karl W. Smith bought 3,244 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. Also, Director John Carter Risley sold 22,500 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. Over the last ninety days, insiders sold 199,220 shares of company stock valued at $3,285,909. 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.