Raymond James Analysts Lower Earnings Estimates for TSE:MRE

Martinrea International Inc. (TSE:MRE) – Raymond James decreased their Q3 2024 earnings estimates for shares of Martinrea International in a report issued on Thursday, November 7th. Raymond James analyst M. Glen now forecasts that the company will earn $0.45 per share for the quarter, down from their prior estimate of $0.56. 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 Q4 2024 earnings at $0.45 EPS and FY2024 earnings at $2.00 EPS.

Other equities research analysts also recently issued reports about the stock. CIBC dropped their price objective on shares of Martinrea International from C$17.50 to C$17.00 in a research report on Friday. BMO Capital Markets dropped their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. Finally, TD Securities dropped their price objective on shares of Martinrea International from C$19.00 to C$18.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of C$17.33.

Martinrea International Trading Down 0.3 %

Shares of TSE:MRE opened at C$11.02 on Monday. Martinrea International has a 52 week low of C$10.05 and a 52 week high of C$14.59. The company’s 50 day moving average is C$11.26 and its two-hundred day moving average is C$11.42. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The company has a market cap of C$824.41 million, a PE ratio of 6.09, a P/E/G 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.