FY2024 Earnings Forecast for Linamar Issued By Raymond James

Linamar Co. (TSE:LNR) – Analysts at Raymond James reduced their FY2024 EPS estimates for Linamar in a note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $9.64 per share for the year, down from their previous estimate 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.

Linamar (TSE:LNR) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a return on equity of 11.31% and a net margin of 5.77%. The business had revenue of C$2.64 billion during the quarter, compared to analyst estimates of C$2.75 billion.

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

Linamar Stock Up 0.4 %

Shares of LNR stock opened at C$61.23 on Friday. Linamar has a twelve month low of C$54.95 and a twelve month high of C$73.84. The stock has a market cap of C$3.77 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.12 and a beta of 1.41. The stock has a 50 day moving average of C$61.67 and a 200 day moving average of C$64.93. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32.

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.