Scotiabank Has Bullish Outlook for MDA Space FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for MDA Space to $1.25 from $1.17 and maintained an “Outperform” rating, well above the current full-year consensus estimate of $0.98.
• MDA Space exceeded quarterly expectations, reporting EPS of $0.26 versus the $0.24 consensus and revenue of $360.18 million compared with estimates of $321.87 million.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus rating and an average price target of $50, although the stock recently opened at $31.22 and has a one-year range of $23.23 to $49.37.

MDA Space Ltd. (NYSE:MDA - Free Report) - Investment analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of MDA Space in a report issued on Wednesday, August 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.25 for the year, up from their previous estimate of $1.17. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for MDA Space's current full-year earnings is $0.98 per share.

MDA Space (NYSE:MDA - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. MDA Space had a net margin of 5.68% and a return on equity of 9.42%. The firm had revenue of $360.18 million for the quarter, compared to the consensus estimate of $321.87 million.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $41.00 price target on shares of MDA Space in a report on Monday, August 10th. Zacks Research upgraded shares of MDA Space from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Weiss Ratings cut shares of MDA Space from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of MDA Space in a research note on Monday, June 22nd. Finally, ATB Cormark Capital Markets lowered MDA Space from a "moderate buy" rating to a "hold" rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

MDA Space Price Performance

Shares of MDA stock opened at $31.22 on Friday. The firm has a 50-day moving average price of $34.94. The stock has a market capitalization of $5.06 billion and a P/E ratio of 57.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.75. MDA Space has a one year low of $23.23 and a one year high of $49.37.

Institutional Trading of MDA Space

Large investors have recently added to or reduced their stakes in the stock. Tacita Capital Inc boosted its stake in MDA Space by 16,480.0% in the second quarter. Tacita Capital Inc now owns 2,487 shares of the company's stock valued at $103,000 after acquiring an additional 2,472 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of MDA Space during the 2nd quarter worth approximately $276,000. Citizens Financial Group Inc. RI purchased a new stake in shares of MDA Space during the 2nd quarter worth approximately $388,000. Quantbot Technologies LP bought a new stake in shares of MDA Space in the 2nd quarter worth approximately $593,000. Finally, SCS Capital Management LLC bought a new stake in shares of MDA Space in the 2nd quarter worth approximately $1,003,000.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.

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