Cormark Has Optimistic Outlook of MDA Space FY2025 Earnings

Key Points

• Cormark has raised its FY2025 earnings per share estimate for MDA Space to $1.48, an increase from the prior estimate of $1.46, while the consensus estimate is currently $0.96.
• Several brokerages have also upgraded MDA Space's stock ratings, with BMO Capital Markets and Royal Bank Of Canada raising their price targets to C$53.00, indicating a strong bullish sentiment.
• Insider trading activity has been notable, with insiders selling a total of 306,000 shares valued at approximately $9 million in the last three months, yet 12.60% of the stock is still owned by company insiders.

MDA Space Ltd. (TSE:MDA - Free Report) - Equities researchers at Cormark lifted their FY2025 EPS estimates for MDA Space in a note issued to investors on Friday, August 8th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $1.48 for the year, up from their previous estimate of $1.46. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2027 earnings at $2.21 EPS.

Other research analysts have also issued reports about the company. Canaccord Genuity Group upped their price target on MDA Space from C$36.00 to C$45.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Desjardins lifted their price target on shares of MDA Space from C$40.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on shares of MDA Space from C$42.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Scotiabank raised shares of MDA Space from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from C$39.00 to C$55.00 in a report on Tuesday, August 5th. Finally, BMO Capital Markets raised their price objective on shares of MDA Space from C$33.00 to C$53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$43.22.

MDA Space Stock Performance

MDA Space stock traded up C$1.20 on Monday, reaching C$43.27. 389,849 shares of the stock were exchanged, compared to its average volume of 502,939. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space has a twelve month low of C$14.01 and a twelve month high of C$48.31. The firm has a fifty day moving average price of C$37.04 and a two-hundred day moving average price of C$29.56. The stock has a market cap of C$5.28 billion, a PE ratio of 76.91 and a beta of 0.02.

Insider Activity

In other MDA Space news, Senior Officer Luigi Pozzebon sold 8,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of C$32.02, for a total transaction of C$256,160.00. Also, Senior Officer David Snarch sold 18,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$28.20, for a total value of C$507,600.00. In the last three months, insiders sold 306,000 shares of company stock worth $9,024,768. Corporate insiders own 12.60% of the company's stock.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.