FY2025 Earnings Forecast for MDA Space Issued By Desjardins

Key Points

• Desjardins has increased its FY2025 earnings estimate for MDA Space to $1.46 per share, up from a previous forecast of $1.44, while maintaining a "Buy" rating and a target price of $55.00.
• Several analysts, including BMO Capital Markets and Royal Bank of Canada, have also raised their price targets for MDA Space significantly, reflecting a positive industry outlook.
• Insider selling has occurred recently, with a total of 306,000 shares sold worth approximately $9 million in the past ninety days, although insiders still hold 12.60% of the company's stock.

MDA Space Ltd. (TSE:MDA - Free Report) - Stock analysts at Desjardins lifted their FY2025 EPS estimates for MDA Space in a research note issued to investors on Thursday, August 7th. Desjardins analyst B. Poirier now forecasts that the company will earn $1.46 per share for the year, up from their previous forecast of $1.44. Desjardins has a "Buy" rating and a $55.00 price target on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space's Q4 2025 earnings at $0.42 EPS.

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

MDA Space Stock Up 2.9%

MDA traded up C$1.20 during trading on Monday, hitting C$43.27. The company had a trading volume of 389,849 shares, compared to its average volume of 502,939. The company has a market cap of C$5.28 billion, a PE ratio of 76.91 and a beta of 0.02. The business has a 50-day moving average of C$37.04 and a 200-day moving average of C$29.56. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. MDA Space has a 1-year low of C$14.01 and a 1-year high of C$48.31.

Insider Buying and Selling

In related news, Director Michael Philip James Greenley sold 200,000 shares of MDA Space stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. Also, Senior Officer David Snarch sold 18,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total transaction of C$507,600.00. In the last ninety days, insiders have sold 306,000 shares of company stock worth $9,024,768. 12.60% of the stock is owned by corporate insiders.

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.