FY2024 EPS Estimates for TSE:MRE Decreased by Raymond James

Martinrea International Inc. (TSE:MRE) – Equities researchers at Raymond James lowered their FY2024 EPS estimates for Martinrea International in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will earn $1.95 per share for the year, down from their prior estimate of $2.00. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International’s Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.33 EPS.

Several other brokerages have also issued reports on MRE. CIBC reduced their price target on Martinrea International from C$17.00 to C$14.50 in a report on Thursday. TD Securities reduced their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of Martinrea International from C$15.00 to C$13.00 in a research report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Martinrea International presently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Price Performance

MRE opened at C$9.68 on Friday. The stock has a fifty day moving average price of C$11.13 and a 200 day moving average price of C$11.39. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. Martinrea International has a 1 year low of C$9.52 and a 1 year high of C$14.59. The stock has a market cap of C$724.16 million, a price-to-earnings ratio of 5.35, a PEG ratio of 0.82 and a beta of 2.08.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.