Q3 Earnings Estimate for MDA Space Issued By Cormark

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Cormark issued their Q3 2024 earnings per share estimates for MDA Space in a research note issued on Tuesday, November 5th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings per share of $0.24 for the quarter. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

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

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group raised their price target on MDA Space from C$21.00 to C$27.00 in a research report on Monday. Royal Bank of Canada raised their price target on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Scotiabank raised their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$15.00 to C$28.00 in a research report on Monday. Finally, Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.29.

MDA Space Trading Up 2.3 %

Shares of TSE:MDA opened at C$24.75 on Wednesday. The company has a market cap of C$2.97 billion, a P/E ratio of 65.13 and a beta of 0.02. The stock’s 50-day moving average is C$18.65 and its 200-day moving average is C$15.14. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$24.95. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Insider Buying and Selling

In related news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction dated Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. In other MDA Space news, Director John Carter Risley sold 22,500 shares of MDA Space 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 transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction that occurred on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. Insiders have sold a total of 199,220 shares of company stock valued at $3,285,909 over the last three months. 12.60% of the stock is owned by corporate insiders.

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.