What is Cormark's Forecast for MDA Space FY2026 Earnings?

Key Points

• Cormark Research has lowered its FY2026 earnings per share estimate for MDA Space to $1.73, down from $2.02.
• Several analysts have cut their target prices for MDA Space, with BMO Capital Markets reducing it from C$53.00 to C$40.00 and Royal Bank of Canada from C$53.00 to C$45.00.
• The stock currently has a consensus rating of "Buy" and a target price of C$38.44, despite recent price cuts by analysts.

MDA Space Ltd. (TSE:MDA - Free Report) - Equities researchers at Cormark lowered their FY2026 earnings per share (EPS) estimates for MDA Space in a research report issued on Monday, September 8th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $1.73 for the year, down from their prior forecast of $2.02. 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 $1.83 EPS.

A number of other analysts have also recently commented on MDA. Scotiabank dropped their price objective on MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. BMO Capital Markets dropped their price objective on MDA Space from C$53.00 to C$40.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Desjardins dropped their price objective on MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. Royal Bank Of Canada dropped their price objective on MDA Space from C$53.00 to C$45.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Finally, Canaccord Genuity Group dropped their price objective on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, MDA Space currently has an average rating of "Buy" and a consensus price target of C$38.44.

MDA Space Price Performance

Shares of MDA stock traded up C$1.17 during mid-day trading on Thursday, reaching C$33.25. The stock had a trading volume of 648,263 shares, compared to its average volume of 562,146. MDA Space has a 12-month low of C$16.20 and a 12-month high of C$48.31. The company has a market cap of C$4.15 billion, a P/E ratio of 36.94 and a beta of -0.63. The business has a 50-day simple moving average of C$41.45 and a 200 day simple moving average of C$32.50. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94.

Insider Buying and Selling

In other news, Director John Carter Risley sold 184,230 shares of MDA Space stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$43.00, for a total value of C$7,921,890.00. Following the transaction, the director directly owned 1,246,020 shares of the company's stock, valued at C$53,578,860. The trade was a 12.88% decrease in their position. Also, Director Brendan Paddick sold 45,600 shares of MDA Space stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$47.02, for a total value of C$2,143,929.60. Following the completion of the transaction, the director directly owned 1,136,353 shares in the company, valued at C$53,426,772.65. This represents a 3.86% decrease in their ownership of the stock. Insiders have sold 1,422,150 shares of company stock worth $62,507,211 over the last ninety days. 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.