Q3 Earnings Forecast for MDA Space Issued By Cormark

MDA Space Ltd. (TSE:MDA - Free Report) - Equities research analysts at Cormark issued their Q3 2024 EPS estimates for shares of MDA Space in a research report issued to clients and investors on Tuesday, November 5th. Cormark analyst D. Mcfadgen expects that the company will post earnings of $0.24 per share for the quarter. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

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

MDA Space Price Performance

Shares of MDA stock traded up C$0.54 during trading on Wednesday, hitting C$25.29. The company had a trading volume of 427,884 shares, compared to its average volume of 252,934. The stock's 50-day moving average is C$18.84 and its two-hundred day moving average is C$15.22. The stock has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 66.55 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space has a 52 week low of C$10.65 and a 52 week high of C$25.54.

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

Insiders Place Their Bets

In other MDA Space news, Director Karl W. Smith acquired 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$14.83 per share, with a total value of C$48,120.20. In other news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Karl W. Smith acquired 3,244 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of C$14.83 per share, with a total value of C$48,120.20. 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.

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.