Research Analysts Set Expectations for MDA Space Q3 Earnings

MDA Space Ltd. (TSE:MDA) – Investment analysts at Desjardins issued their Q3 2024 EPS estimates for shares of MDA Space in a research note issued on Wednesday, October 30th. Desjardins analyst B. Poirier forecasts that the company will earn $0.26 per share for the quarter. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.87 EPS, FY2025 earnings at $1.26 EPS and FY2026 earnings at $1.49 EPS.

MDA Space (TSE:MDA) last released its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.09. The business had revenue of C$242.00 million for the quarter, compared to the consensus estimate of C$221.34 million. MDA Space had a return on equity of 4.47% and a net margin of 5.53%.

Other equities research analysts have also issued research reports about the stock. Cormark boosted their price target on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$15.00 to C$28.00 in a research note on Monday. Canaccord Genuity Group upped their price objective on MDA Space from C$21.00 to C$27.00 in a research note on Monday. Royal Bank of Canada raised their target price on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Finally, Scotiabank boosted their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.29.

MDA Space Price Performance

Shares of TSE:MDA opened at C$24.75 on Monday. The firm has a market capitalization of C$2.97 billion, a PE ratio of 65.13 and a beta of 0.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$24.95. The business’s 50 day moving average is C$18.65 and its 200-day moving average is C$15.14.

Insider Transactions at MDA Space

In other MDA Space news, Director Karl W. Smith bought 3,244 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of C$14.83 per share, for a total transaction of C$48,120.20. In related news, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Karl W. Smith acquired 3,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of C$14.83 per share, with a total value of C$48,120.20. Insiders have sold 199,220 shares of company stock valued at $3,285,909 in the last three months. 12.60% of the stock is owned by corporate insiders.

About MDA Space

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.