What is Cormark’s Estimate for MDA Space FY2024 Earnings?

MDA Space Ltd. (TSE:MDA) – Stock analysts at Cormark increased their FY2024 earnings per share (EPS) estimates for shares of MDA Space in a research report issued to clients and investors on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $0.93 per share for the year, up from their previous forecast of $0.91. 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 $1.24 EPS.

MDA has been the topic of a number of other research reports. Desjardins raised shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Royal Bank of Canada boosted their price target on MDA Space from C$28.00 to C$30.00 in a report on Wednesday. Ci Capital increased their price objective on MDA Space from C$15.00 to C$26.00 in a report on Monday. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$27.83.

MDA Space Stock Performance

Shares of MDA stock opened at C$26.54 on Thursday. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. MDA Space has a fifty-two week low of C$10.65 and a fifty-two week high of C$27.47. The company has a market capitalization of C$3.19 billion, a P/E ratio of 69.84 and a beta of 0.02. The stock has a 50 day moving average price of C$20.25 and a two-hundred day moving average price of C$15.76.

Insider Activity at MDA Space

In other MDA Space news, Director John Carter Risley sold 22,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders have sold 198,920 shares of company stock worth $3,281,370 over the last 90 days. 12.60% of the stock is owned by company insiders.

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.