Equities Analysts Set Expectations for Linamar Q4 Earnings

Linamar Co. (TSE:LNR) – Equities research analysts at Raymond James cut their Q4 2024 EPS estimates for Linamar in a research report issued to clients and investors on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $1.64 per share for the quarter, down from their prior estimate of $2.09. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.20 EPS, Q4 2025 earnings at $1.96 EPS and FY2025 earnings at $8.47 EPS.

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

Several other equities research analysts have also recently weighed in on LNR. BMO Capital Markets cut their price objective on shares of Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th. Scotiabank downgraded shares of Linamar from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. CIBC decreased their price objective on shares of Linamar from C$85.00 to C$84.00 in a research note on Thursday. Finally, TD Securities cut Linamar from a “buy” rating to a “hold” rating and cut their target price for the stock from C$89.00 to C$68.00 in a research note on Wednesday, November 13th.

Linamar Stock Performance

TSE:LNR opened at C$61.23 on Monday. 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 has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.12 and a beta of 1.41. The stock has a fifty day moving average price of C$61.67 and a 200-day moving average price of C$64.93.

Linamar Company Profile

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.