MDA Space (MDA) Set to Announce Quarterly Earnings on Friday

MDA Space (TSE:MDA) is set to issue its quarterly earnings data before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

MDA Space Stock Performance

MDA Space stock opened at C$25.66 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. MDA Space has a fifty-two week low of C$10.65 and a fifty-two week high of C$26.54. The stock has a fifty day moving average of C$19.23 and a two-hundred day moving average of C$15.38. The company has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 68.50 and a beta of 0.02.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Scotiabank lifted their target price on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their price target on MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Finally, Cormark increased their target price on MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$24.20.

Insider Transactions at MDA Space

In other news, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction 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. In other news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction 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. Insiders have sold a total of 199,220 shares of company stock worth $3,285,909 in the last three months. 12.60% of the stock is currently owned by company 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.