Analysts Offer Predictions for MDA Space Q3 Earnings

MDA Space Ltd. (TSE:MDA) – Equities researchers at Cormark issued their Q3 2024 EPS estimates for MDA Space in a research note issued on Tuesday, November 5th. Cormark analyst D. Mcfadgen anticipates that the company will earn $0.24 per share for the quarter. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

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

MDA has been the subject of a number of other reports. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$15.00 to C$28.00 in a research report on Monday. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group lifted their target price on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday. Scotiabank boosted their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, MDA Space currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.29.

MDA Space Stock Performance

TSE MDA opened at C$25.48 on Wednesday. The company has a market capitalization of C$3.06 billion, a PE ratio of 67.05 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day simple moving average of C$19.03 and a 200 day simple moving average of C$15.30. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$25.95.

Insider Activity

In related news, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. In other MDA Space news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction dated 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 Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction dated Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Insiders have sold a total of 199,220 shares of company stock worth $3,285,909 over the last quarter. Insiders own 12.60% of the company’s stock.

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.