Q4 Earnings Estimate for Linamar Issued By Raymond James

Linamar Co. (TSE:LNR) – Investment analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Linamar in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will earn $1.64 per share for the quarter, down from their prior estimate of $2.09. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.20 EPS, Q4 2025 earnings at $1.96 EPS and FY2025 earnings at $8.47 EPS.

Other analysts also recently issued reports about the company. Scotiabank downgraded Linamar from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. CIBC dropped their price target on Linamar from C$85.00 to C$84.00 in a report on Thursday, November 14th. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$89.00 to C$68.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets lowered their target price on shares of Linamar from C$80.00 to C$75.00 in a report on Wednesday, November 13th.

Linamar Stock Down 1.0 %

Shares of Linamar stock opened at C$60.61 on Monday. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. Linamar has a one year low of C$54.95 and a one year high of C$73.84. The stock’s 50-day moving average is C$61.64 and its 200 day moving average is C$64.89. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. The firm had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%.

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.