Raymond James Brokers Reduce Earnings Estimates for TSE:MRE

Martinrea International Inc. (TSE:MRE) – Equities researchers at Raymond James reduced their FY2024 EPS estimates for Martinrea International in a research report issued on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will post earnings of $1.95 per share 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.

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

Martinrea International Trading Up 1.7 %

MRE opened at C$9.81 on Friday. 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 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 firm has a 50 day simple moving average of C$11.16 and a 200 day simple moving average of C$11.40. Martinrea International has a fifty-two week low of C$9.52 and a fifty-two week high of C$14.59.

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.