FY2024 Earnings Estimate for Linamar Issued By Raymond James

Linamar Co. (TSE:LNR) – Equities researchers at Raymond James cut their FY2024 earnings per share (EPS) estimates for shares of Linamar in a report issued on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will earn $9.64 per share for the year, down from their prior forecast of $9.89. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q3 2025 earnings at $2.26 EPS.

Several other analysts have also issued reports on LNR. CIBC cut their price objective on Linamar from C$85.00 to C$84.00 in a report on Thursday. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and cut their price target for the stock from C$89.00 to C$68.00 in a research note on Wednesday. BMO Capital Markets decreased their price objective on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday. Finally, Scotiabank cut shares of Linamar from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$86.00 to C$77.00 in a research report on Tuesday, October 29th.

Linamar Stock Up 0.4 %

Shares of LNR stock opened at C$61.23 on Friday. Linamar has a 1 year low of C$54.95 and a 1 year high of C$73.84. The business’s fifty day moving average is C$61.67 and its 200-day moving average is C$64.93. The stock has a market cap of C$3.77 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68.

Linamar (TSE:LNR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.15 by C$0.20. The business had revenue of C$2.64 billion for the quarter, compared to the consensus estimate of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%.

About Linamar

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.