MDA Space (MDA) Scheduled to Post Earnings on Friday

MDA Space (TSE:MDA) is scheduled to be announcing its earnings results before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

MDA Space Price Performance

Shares of MDA opened at C$25.90 on Thursday. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$26.54. The stock has a market cap of C$3.11 billion, a PE ratio of 69.00 and a beta of 0.02. The firm has a 50-day simple moving average of C$19.43 and a two-hundred day simple moving average of C$15.46. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MDA shares. BMO Capital Markets raised 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 note on Monday, November 4th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Canaccord Genuity Group lifted their price target on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Finally, Scotiabank raised their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$24.20.

Insiders Place Their Bets

In related 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. In related 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 company’s stock in a transaction dated 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. In the last ninety days, insiders have sold 199,220 shares of company stock worth $3,285,909. Corporate insiders own 12.60% of the company’s stock.

About MDA Space

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.