Q3 Earnings Estimate for MDA Space Issued By Desjardins

MDA Space Ltd. (TSE:MDA - Free Report) - Desjardins issued their Q3 2024 earnings estimates for shares of MDA Space in a research note issued to investors on Wednesday, October 30th. Desjardins analyst B. Poirier forecasts that the company will post earnings of $0.26 per share for the quarter. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space's Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.87 EPS, FY2025 earnings at $1.26 EPS and FY2026 earnings at $1.49 EPS.

A number of other equities analysts have also recently commented on MDA. Cormark lifted their price target on shares of MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Scotiabank boosted their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the company an "outperform" rating in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group boosted their price objective on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday. Finally, BMO Capital Markets raised shares of MDA Space from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from C$15.00 to C$28.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MDA Space currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.29.

MDA Space Trading Up 2.9 %

Shares of MDA stock traded up C$0.69 during trading hours on Monday, reaching C$24.20. 496,195 shares of the stock were exchanged, compared to its average volume of 251,609. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$24.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The company's 50-day moving average price is C$18.28 and its 200-day moving average price is C$15.00. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 63.68 and a beta of 0.02.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 EPS 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 firm had revenue of C$242.00 million during the quarter, compared to analysts' expectations of C$221.34 million.

Insider Transactions at MDA Space

In other news, Director John Carter Risley sold 22,500 shares of the company's 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. In related news, Director John Carter Risley sold 22,500 shares of the business's 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 transaction of C$347,017.50. Also, Director Karl W. Smith acquired 3,244 shares of MDA Space stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of C$14.83 per share, with a total value of C$48,120.20. In the last quarter, insiders sold 199,220 shares of company stock valued at $3,285,909. Company 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.