MDA Ltd. to Post Q1 2024 Earnings of $0.11 Per Share, Cormark Forecasts (TSE:MDA)

MDA Ltd. (TSE:MDA - Free Report) - Equities research analysts at Cormark issued their Q1 2024 earnings estimates for shares of MDA in a research note issued on Monday, April 22nd. Cormark analyst D. Mcfadgen expects that the company will earn $0.11 per share for the quarter. The consensus estimate for MDA's current full-year earnings is $0.66 per share.

MDA has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of MDA from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Tuesday, February 27th. Scotiabank upped their target price on shares of MDA from C$17.00 to C$18.50 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets upped their target price on shares of MDA from C$13.00 to C$15.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$14.88.

MDA Price Performance

TSE MDA traded up C$0.46 during trading hours on Tuesday, reaching C$14.73. The company's stock had a trading volume of 124,357 shares, compared to its average volume of 232,629. The stock has a market cap of C$1.76 billion, a PE ratio of 35.68 and a beta of 0.12. The company has a debt-to-equity ratio of 49.31, a quick ratio of 1.00 and a current ratio of 1.22. The company's 50-day moving average is C$14.38 and its two-hundred day moving average is C$12.57. MDA has a fifty-two week low of C$6.21 and a fifty-two week high of C$15.39.

MDA (TSE:MDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter, beating analysts' consensus estimates of C$0.05 by C$0.18. The firm had revenue of C$205.00 million for the quarter, compared to analysts' expectations of C$208.30 million. MDA had a net margin of 6.04% and a return on equity of 4.73%.

MDA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. MDA's payout ratio is currently 370.00%.

Insider Transactions at MDA

In other news, Director John Carter Risley sold 100,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. Insiders own 13.18% of the company's stock.

About MDA

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.