FY2024 Earnings Estimate for MDA Space Issued By Scotiabank

MDA Space Ltd. (TSE:MDA) – Stock analysts at Scotiabank lifted their FY2024 EPS estimates for MDA Space in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst K. Gupta now forecasts that the company will earn $0.88 per share for the year, up from their previous forecast of $0.78. Scotiabank has a “Outperform” rating and a $33.00 price target on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Scotiabank also issued estimates for MDA Space’s FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.50 EPS.

A number of other research analysts also recently commented on the company. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$15.00 to C$28.00 in a report on Monday, November 4th. Canaccord Genuity Group raised their price target on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Cormark increased their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their target price on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$31.50.

MDA Space Stock Performance

Shares of MDA stock opened at C$28.11 on Monday. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 73.97 and a beta of 0.02. MDA Space has a one year low of C$10.65 and a one year high of C$30.00. The company’s 50-day simple moving average is C$27.47 and its 200-day simple moving average is C$19.93.

Insider Activity at MDA Space

In other news, Director Yung Cheng Wu bought 3,800 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of C$28.49 per share, for a total transaction of C$108,262.00. Also, Director Michael Philip Greenley sold 290,600 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$28.55, for a total value of C$8,296,630.00. Insiders have sold a total of 361,300 shares of company stock worth $10,285,710 over the last ninety days. 12.60% of the stock is currently owned by corporate 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.