Cormark Cuts Earnings Estimates for Martinrea International

Martinrea International Inc. (TSE:MRE - Free Report) - Cormark dropped their Q4 2024 earnings per share estimates for shares of Martinrea International in a note issued to investors on Wednesday, November 13th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.43. The consensus estimate for Martinrea International's current full-year earnings is $2.50 per share. Cormark also issued estimates for Martinrea International's Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $2.09 EPS, Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $0.74 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.56 EPS.

MRE has been the topic of a number of other research reports. BMO Capital Markets decreased their price target on shares of Martinrea International from C$15.00 to C$13.00 in a report on Thursday. CIBC dropped their price target on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. Finally, TD Securities cut their price objective on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Martinrea International currently has an average rating of "Moderate Buy" and a consensus price target of C$15.75.

Martinrea International Price Performance

TSE:MRE traded up C$0.16 during trading hours on Thursday, hitting C$9.81. 378,232 shares of the company's stock traded hands, compared to its average volume of 154,909. Martinrea International has a 52 week low of C$9.52 and a 52 week high of C$14.59. The business's fifty day simple moving average is C$11.20 and its two-hundred day simple moving average is C$11.41. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The firm has a market cap of C$733.89 million, a P/E ratio of 5.50, a P/E/G ratio of 0.82 and a beta of 2.08.

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.