FY2026 Earnings Forecast for MDA Space Issued By Desjardins

Key Points

• Desjardins has lowered MDA Space's FY2026 earnings estimate from $1.76 to $1.51 per share while maintaining a "Buy" rating and a $43.00 price target.
• Other analysts, including Canaccord Genuity and Royal Bank of Canada, have also decreased their price targets for MDA Space, reflecting a broader market reassessment.
• MDA Space's stock opened at C$32.99, with notable insider sales totaling 372,230 shares worth over $15 million in the past three months.

MDA Space Ltd. (TSE:MDA - Free Report) - Desjardins decreased their FY2026 EPS estimates for shares of MDA Space in a report issued on Tuesday, September 9th. Desjardins analyst B. Poirier now expects that the company will post earnings of $1.51 per share for the year, down from their prior estimate of $1.76. Desjardins currently has a "Buy" rating and a $43.00 target price on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

Several other equities research analysts have also commented on MDA. BMO Capital Markets dropped their price objective on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Canaccord Genuity Group dropped their price objective on shares of MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. Scotiabank dropped their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$38.44.

MDA Space Trading Up 3.7%

Shares of MDA traded up C$1.15 during trading hours on Wednesday, reaching C$31.95. 696,888 shares of the company traded hands, compared to its average volume of 558,344. The company's fifty day moving average price is C$41.56 and its two-hundred day moving average price is C$32.44. The company has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 35.50 and a beta of -0.63. 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$16.20 and a 12 month high of C$48.31.

Insider Transactions at MDA Space

In other news, Director Michael Philip James Greenley sold 1,009,300 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of C$45.00, for a total value of C$45,418,500.00. Following the transaction, the director owned 117,037 shares in the company, valued at approximately C$5,266,665. This represents a 89.61% decrease in their ownership of the stock. Also, Director Brendan Paddick sold 54,400 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of C$45.09, for a total transaction of C$2,452,727.36. Following the completion of the transaction, the director owned 1,181,953 shares in the company, valued at approximately C$53,290,596.72. This represents a 4.40% decrease in their position. In the last quarter, insiders have sold 1,422,150 shares of company stock valued at $62,507,211. 12.60% of the stock is currently owned by 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.