Cormark Comments on MDA Space’s FY2025 Earnings (TSE:MDA)

MDA Space Ltd. (TSE:MDA) – Analysts at Cormark boosted their FY2025 EPS estimates for shares of MDA Space in a research note issued to investors on Tuesday, February 11th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $1.07 per share for the year, up from their prior forecast of $0.95. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

A number of other research firms have also issued reports on MDA. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Royal Bank of Canada raised their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Ci Capital increased their price target on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Scotiabank raised their price target on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$31.29.

MDA Space Trading Down 1.7 %

MDA Space stock opened at C$24.33 on Wednesday. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. 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 firm has a market capitalization of C$2.92 billion, a PE ratio of 64.03 and a beta of 0.02. The business’s 50-day simple moving average is C$27.45 and its 200-day simple moving average is C$21.75.

Insider Transactions at MDA Space

In other news, Director Michael Philip Greenley sold 9,700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00. Also, Director John Carter Risley sold 61,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. In the last three months, insiders sold 361,300 shares of company stock valued at $10,285,710. Company insiders own 12.60% of the company’s stock.

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.