Cormark Has Bullish Outlook for MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA) – Investment analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for shares of MDA Space in a research report issued to clients and investors on Monday, March 10th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $1.13 for the year, up from their previous estimate of $1.07. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space’s FY2026 earnings at $1.31 EPS.

A number of other brokerages have also weighed in on MDA. Ci Capital boosted their price objective on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Scotiabank boosted their price objective on MDA Space from C$28.50 to C$34.00 in a research report on Monday. Citigroup boosted their price objective on MDA Space from C$26.00 to C$30.00 in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group lifted their target price on MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$31.43.

MDA Space Trading Down 0.2 %

Shares of MDA stock opened at C$27.86 on Wednesday. The firm has a market capitalization of C$3.40 billion, a P/E ratio of 49.52 and a beta of 0.02. MDA Space has a twelve month low of C$11.44 and a twelve month high of C$30.00. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock’s fifty day simple moving average is C$25.58 and its 200 day simple moving average is C$23.37.

Insiders Place Their Bets

In other news, Director Michael Philip Greenley sold 290,600 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00. Also, Director John Carter Risley sold 61,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. Company insiders own 12.60% of the company’s stock.

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.