Research Analysts Set Expectations for TSE:MRE Q3 Earnings

Martinrea International Inc. (TSE:MRE - Free Report) - Research analysts at Raymond James dropped their Q3 2024 EPS estimates for shares of Martinrea International in a research report issued on Thursday, November 7th. Raymond James analyst M. Glen now expects that the company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.56. The consensus estimate for Martinrea International's current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International's Q4 2024 earnings at $0.45 EPS and FY2024 earnings at $2.00 EPS.

Several other brokerages have also weighed in on MRE. TD Securities cut their price objective on shares of Martinrea International from C$19.00 to C$18.00 and set a "buy" rating on the stock in a report on Monday, September 30th. CIBC cut their target price on Martinrea International from C$17.50 to C$17.00 in a research report on Friday. Finally, BMO Capital Markets lowered their price target on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$17.33.

Martinrea International Price Performance

Shares of MRE traded up C$0.03 during mid-day trading on Monday, reaching C$11.05. 59,201 shares of the company's stock were exchanged, compared to its average volume of 151,141. The company has a 50-day simple moving average of C$11.25 and a two-hundred day simple moving average of C$11.42. The company has a market cap of C$826.65 million, a price-to-earnings ratio of 6.10, a PEG ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. Martinrea International has a 52-week low of C$10.05 and a 52-week high of C$14.59.

About Martinrea International

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.