What is Raymond James’ Forecast for TSE:MRE FY2024 Earnings?

Martinrea International Inc. (TSE:MRE) – Research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Martinrea International in a note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will post earnings per share of $1.95 for the year, down from their prior forecast of $2.00. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International’s Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.33 EPS.

MRE has been the subject of several other research reports. TD Securities decreased their target price on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. CIBC reduced their price objective on Martinrea International from C$17.00 to C$14.50 in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on Martinrea International from C$15.00 to C$13.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

Shares of MRE opened at C$9.68 on Friday. Martinrea International has a 1 year low of C$9.52 and a 1 year high of C$14.59. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The company has a market capitalization of C$724.16 million, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The business has a 50-day moving average of C$11.13 and a 200-day moving average of C$11.39.

About Martinrea International

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.