Analysts Offer Predictions for MDA Space Q3 Earnings

MDA Space Ltd. (TSE:MDA) – Analysts at Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of MDA Space in a note issued to investors on Tuesday, November 5th. Cormark analyst D. Mcfadgen anticipates that the company will earn $0.24 per share 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 quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The firm had revenue of C$242.00 million during the quarter, compared to the consensus estimate of C$221.34 million.

MDA has been the subject of several other reports. Canaccord Genuity Group upped their target price on MDA Space from C$21.00 to C$27.00 in a report on Monday. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$28.00 in a report on Monday. Scotiabank increased 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. Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price target on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, MDA Space has a consensus rating of “Moderate Buy” and a consensus target price of C$22.29.

MDA Space Stock Up 0.8 %

TSE MDA opened at C$25.48 on Wednesday. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The business has a fifty day moving average price of C$19.03 and a 200 day moving average price of C$15.30. The company has a market cap of C$3.06 billion, a P/E ratio of 67.05 and a beta of 0.02. MDA Space has a one year low of C$10.65 and a one year high of C$25.95.

Insider Buying and Selling

In other news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. In other MDA Space news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated 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 Karl W. Smith bought 3,244 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was 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. 12.60% of the stock is owned by 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.