Cormark Has Negative Outlook of MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Cormark decreased their FY2025 earnings per share estimates for MDA Space in a note issued to investors on Monday, November 18th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $0.95 for the year, down from their previous estimate of $0.96. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

Several other analysts have also recently weighed in on MDA. Royal Bank of Canada raised their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research report on Wednesday. Canaccord Genuity Group raised their price target on MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Desjardins upgraded MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Ci Capital raised their price objective on MDA Space from C$15.00 to C$26.00 in a report on Monday. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$15.00 to C$28.00 in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, MDA Space presently has an average rating of “Buy” and an average target price of C$27.83.

MDA Space Stock Performance

Shares of MDA opened at C$26.46 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock has a 50-day moving average price of C$20.47 and a 200-day moving average price of C$15.84. The company has a market cap of C$3.18 billion, a PE ratio of 69.84 and a beta of 0.02. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$27.47.

Insider Activity at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction dated 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. Also, Director John Carter Risley sold 22,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Insiders sold 198,920 shares of company stock worth $3,281,370 in the last ninety days. 12.60% of the stock is owned by company insiders.

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.