FY2027 Earnings Forecast for MDA Space Issued By Cormark

Key Points

• Analysts at Cormark forecast MDA Space Ltd. will achieve earnings of $2.23 per share for FY2027, significantly higher than the current estimate of $0.96 per share.
• Multiple financial institutions, including Royal Bank Of Canada and BMO Capital Markets, have raised their target prices for MDA Space, with many analysts rating the stock as a "buy" or "outperform."
• MDA Space's current trading price is C$44.55, down 3.0% from recent levels, with a twelve-month high of C$47.84.

MDA Space Ltd. (TSE:MDA - Free Report) - Stock analysts at Cormark issued their FY2027 earnings per share estimates for MDA Space in a research note issued to investors on Tuesday, August 5th. Cormark analyst D. Mcfadgen expects that the company will post earnings per share of $2.23 for the year. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

MDA has been the subject of a number of other research reports. Scotiabank upgraded MDA Space from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from C$39.00 to C$55.00 in a research report on Tuesday, August 5th. Canaccord Genuity Group boosted their price target on shares of MDA Space from C$36.00 to C$45.00 and gave the company a "buy" rating in a report on Friday, July 11th. Desjardins increased their price objective on shares of MDA Space from C$40.00 to C$55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. BMO Capital Markets lifted their price objective on shares of MDA Space from C$33.00 to C$53.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their price target on shares of MDA Space from C$42.00 to C$53.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MDA Space presently has a consensus rating of "Buy" and an average price target of C$43.22.

MDA Space Stock Down 5.3%

MDA traded down C$2.37 during trading hours on Wednesday, reaching C$42.09. 660,744 shares of the stock traded hands, compared to its average volume of 504,262. MDA Space has a fifty-two week low of C$13.55 and a fifty-two week high of C$48.31. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The company has a market cap of C$5.13 billion, a price-to-earnings ratio of 74.81 and a beta of 0.02. The firm's fifty day simple moving average is C$36.48 and its two-hundred day simple moving average is C$29.37.

Insiders Place Their Bets

In other news, Director Michael Philip James Greenley sold 200,000 shares of the company's stock in a transaction that occurred on 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 stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$28.20, for a total transaction of C$507,600.00. Insiders sold a total of 306,000 shares of company stock worth $9,024,768 in the last ninety days. 12.60% of the stock is 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.