Equities Analysts Offer Predictions for Linamar Q3 Earnings

Linamar Co. (TSE:LNR) – Stock analysts at Raymond James reduced their Q3 2024 earnings per share (EPS) estimates for shares of Linamar in a research report issued on Thursday, November 7th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $2.15 per share for the quarter, down from their previous forecast of $2.39. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q4 2024 earnings at $2.09 EPS.

Several other equities research analysts have also recently issued reports on LNR. CIBC lowered their price objective on Linamar from C$88.00 to C$85.00 in a report on Friday. BMO Capital Markets lowered their price objective on Linamar from C$90.00 to C$80.00 in a report on Friday, August 9th. TD Securities lowered their price objective on Linamar from C$92.00 to C$89.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Scotiabank cut Linamar from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th.

Linamar Trading Up 1.0 %

LNR stock opened at C$59.91 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32. Linamar has a 12-month low of C$54.95 and a 12-month high of C$73.84. The stock has a market cap of C$3.69 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.12 and a beta of 1.41. The business’s 50-day moving average is C$61.83 and its 200 day moving average is C$65.09.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.