FY2024 Earnings Estimate for Linamar Issued By Raymond James

Linamar Co. (TSE:LNR) – Equities researchers at Raymond James cut their FY2024 earnings estimates for shares of Linamar in a research report issued on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will earn $9.64 per share for the year, down from their prior estimate of $9.89. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q3 2025 earnings at $2.26 EPS.

Linamar (TSE:LNR) last issued its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, topping the consensus estimate of C$2.15 by C$0.20. The company had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%.

A number of other research analysts have also recently commented on LNR. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$89.00 to C$68.00 in a research report on Wednesday. CIBC cut their price objective on shares of Linamar from C$85.00 to C$84.00 in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Linamar from C$80.00 to C$75.00 in a research report on Wednesday. Finally, Scotiabank lowered Linamar from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$86.00 to C$77.00 in a research report on Tuesday, October 29th.

Linamar Stock Up 0.4 %

TSE LNR opened at C$61.23 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32. Linamar has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84. The business has a 50 day moving average price of C$61.67 and a two-hundred day moving average price of C$64.93. The stock has a market cap of C$3.77 billion, a PE ratio of 6.25, a P/E/G ratio of 1.12 and a beta of 1.41.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.