Cormark Has Negative Forecast for MDA Space FY2025 Earnings

Key Points

• Cormark lowered its FY2025 EPS estimate for MDA Space to $1.44 (from $1.48) and issued FY2026 and FY2027 EPS forecasts of $1.68 and $1.78, while the market consensus for FY2025 sits at $0.96.
• Multiple brokers have trimmed price targets but maintain mostly positive ratings; the average analyst price target is C$38.89 versus a current share price around C$21.64, indicating a significant gap.
• In the most recent quarter MDA reported C$0.35 EPS on C$409.8 million in revenue, with a 7.22% net margin and 6.17% ROE.

MDA Space Ltd. (TSE:MDA - Free Report) - Investment analysts at Cormark dropped their FY2025 earnings estimates for MDA Space in a report released on Monday, November 17th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $1.44 for the year, down from their previous forecast of $1.48. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space's FY2026 earnings at $1.68 EPS and FY2027 earnings at $1.78 EPS.

MDA has been the topic of a number of other research reports. Stifel Canada upgraded MDA Space to a "strong-buy" rating in a report on Tuesday, October 7th. Scotiabank decreased their price objective on MDA Space from C$43.00 to C$40.00 and set an "outperform" rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada lowered their target price on MDA Space from C$45.00 to C$38.00 in a research note on Monday. BMO Capital Markets dropped their target price on MDA Space from C$36.00 to C$32.00 in a report on Monday. Finally, Canaccord Genuity Group decreased their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$38.89.

MDA Space Price Performance

Shares of TSE:MDA opened at C$21.64 on Wednesday. The company's fifty day moving average is C$31.47 and its two-hundred day moving average is C$34.31. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. MDA Space has a 12-month low of C$19.96 and a 12-month high of C$48.31. The company has a market cap of C$2.70 billion, a P/E ratio of 24.04 and a beta of -0.86.

MDA Space (TSE:MDA - Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%. The business had revenue of C$409.80 million for the quarter.

Insider Activity

In other news, insider Guillaume Lavoie purchased 1,220 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of C$33.91 per share, with a total value of C$41,370.20. Following the purchase, the insider directly owned 4,562 shares of the company's stock, valued at approximately C$154,697.42. This trade represents a 36.51% increase in their ownership of the stock. Also, Director Brendan Paddick sold 54,400 shares of MDA Space stock in a transaction dated Monday, August 25th. The shares were sold at an average price of C$45.09, for a total value of C$2,452,727.36. Following the sale, the director owned 1,181,953 shares of the company's stock, valued at approximately C$53,290,596.72. This represents a 4.40% decrease in their ownership of the stock. Corporate insiders own 12.60% of the company's stock.

About MDA Space

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.

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