Cormark Brokers Decrease Earnings Estimates for TSE:MRE

Martinrea International Inc. (TSE:MRE) – Equities research analysts at Cormark reduced their Q4 2024 earnings per share (EPS) estimates for shares of Martinrea International in a report issued on Wednesday, November 13th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.43. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share. Cormark also issued estimates for Martinrea International’s Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $2.09 EPS, Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $0.74 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.56 EPS.

A number of other analysts also recently weighed in on the stock. CIBC decreased their price target on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Thursday. BMO Capital Markets decreased their target price on shares of Martinrea International from C$15.00 to C$13.00 in a research note on Thursday. Finally, TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

MRE opened at C$9.81 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The company has a market cap of C$733.89 million, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The stock has a fifty day simple moving average of C$11.16 and a two-hundred day simple moving average of C$11.40. Martinrea International has a 12-month low of C$9.52 and a 12-month high of C$14.59.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.