Scotiabank Has Negative Estimate for Linamar FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS forecast for Linamar to $11.13 from $11.72, while maintaining a “Sector Perform” rating and a $114 price target.
• Analyst sentiment is broadly neutral: MarketBeat reports a consensus “Hold” rating and an average price target of C$108.86, with six Hold ratings and one Buy.
• Linamar reported quarterly EPS of C$2.59 on revenue of C$3.08 billion and announced a quarterly dividend of C$0.32 per share.

Linamar Co. (TSE:LNR - Free Report) - Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for Linamar in a report issued on Wednesday, November 11th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $11.13 for the year, down from their previous estimate of $11.72. Scotiabank currently has a "Sector Perform" rating and a $114.00 target price on the stock. The consensus estimate for Linamar's current full-year earnings is $11.43 per share.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets cut shares of Linamar from an "outperform" rating to a "hold" rating and set a C$105.00 price objective for the company. in a research report on Friday, September 18th. TD downgraded shares of Linamar from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$120.00 to C$106.00 in a research note on Thursday, November 5th. Canadian Imperial Bank of Commerce raised their target price on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. TD Securities downgraded shares of Linamar from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 5th. Finally, Scotia decreased their price target on shares of Linamar from C$111.00 to C$103.00 and set a "sector perform" rating for the company in a research note on Thursday, November 5th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$108.86.

Linamar Trading Down 1.0%

LNR stock opened at C$85.71 on Friday. The company has a market capitalization of C$5.02 billion, a PE ratio of 7.69, a P/E/G ratio of 1.12 and a beta of 1.53. Linamar has a 12 month low of C$75.34 and a 12 month high of C$110.58. The firm's 50-day moving average is C$93.64 and its 200 day moving average is C$94.94. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.88 and a quick ratio of 0.75.

Linamar (TSE:LNR - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported C$2.59 earnings per share (EPS) for the quarter. The firm had revenue of C$3.08 billion during the quarter. Linamar had a net margin of 5.69% and a return on equity of 10.39%.

Insider Activity

In other Linamar news, Director Mark Stoddart sold 18,932 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the completion of the sale, the director owned 455,914 shares in the company, valued at C$48,135,400.12. This represents a 3.99% decrease in their ownership of the stock. Corporate insiders own 33.49% of the company's stock.

Linamar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 20th. Linamar's dividend payout ratio is presently 10.68%.

About Linamar

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.

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