MDA Space (MDA) Set to Announce Quarterly Earnings on Friday

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

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

MDA Space Stock Up 0.8 %

Shares of MDA Space stock opened at C$25.48 on Friday. MDA Space has a 1 year low of C$10.65 and a 1 year high of C$25.95. 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 stock has a market cap of C$3.06 billion, a price-to-earnings ratio of 67.05 and a beta of 0.02. The firm’s 50-day moving average is C$19.03 and its two-hundred day moving average is C$15.30.

Analyst Ratings Changes

MDA has been the subject of several research analyst reports. Cormark boosted their price target on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Royal Bank of Canada upped their target price on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$15.00 to C$28.00 in a research report on Monday. Desjardins raised MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group increased their price target on shares of MDA Space from C$21.00 to C$27.00 in a report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$22.29.

Insider Buying and Selling

In other news, Director Karl W. Smith bought 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. In related news, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction that occurred on 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. Also, Director Karl W. Smith bought 3,244 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, for a total transaction of C$48,120.20. In the last ninety days, insiders sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is currently owned by insiders.

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.