Q3 Earnings Estimate for MDA Space Issued By Desjardins

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Desjardins issued their Q3 2024 EPS estimates for MDA Space in a report issued on Wednesday, October 30th. Desjardins analyst B. Poirier forecasts that the company will post earnings of $0.26 per share for the quarter. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.87 EPS, FY2025 earnings at $1.26 EPS and FY2026 earnings at $1.49 EPS.

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

Several other brokerages also recently commented on MDA. Royal Bank of Canada lifted their target price on shares of MDA Space from C$18.00 to C$20.00 in a research note on Friday, September 20th. Cormark boosted their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Canaccord Genuity Group increased their target price on shares of MDA Space from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Scotiabank boosted their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$19.13.

MDA Space Price Performance

Shares of MDA Space stock opened at C$23.51 on Monday. The stock has a market capitalization of C$2.82 billion, a P/E ratio of 61.87 and a beta of 0.02. MDA Space has a one year low of C$10.65 and a one year high of C$23.92. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is C$18.28 and its two-hundred day simple moving average is C$15.00.

Insider Activity

In related news, Director Karl W. Smith purchased 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of C$14.83 per share, with a total value of C$48,120.20. In other news, Director Karl W. Smith acquired 3,244 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of C$14.83 per share, for a total transaction of C$48,120.20. Also, 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 the last 90 days, insiders have sold 199,220 shares of company stock valued at $3,285,909. Corporate 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.