What is Cormark's Forecast for MDA Space FY2026 Earnings?

Key Points

• Analysts at Cormark have raised their FY2026 earnings estimate for MDA Space from $1.76 to $2.04 per share, significantly higher than the current consensus estimate of $0.96 per share.
• Multiple financial institutions, including Scotiabank and Canaccord Genuity, have upgraded MDA Space's stock ratings and increased their target prices, with some targets reaching as high as C$55.00.
• Insider selling activity has been notable, with key executives selling over 306,000 shares in recent months, amounting to approximately $9 million in total transactions.

MDA Space Ltd. (TSE:MDA - Free Report) - Investment analysts at Cormark upped their FY2026 EPS estimates for MDA Space in a research report issued to clients and investors on Tuesday, August 5th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $2.04 per share for the year, up from their previous forecast of $1.76. The consensus estimate for MDA Space's current full-year earnings is $0.96 per share.

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

MDA Space Stock Down 1.0%

Shares of TSE:MDA traded down C$0.40 during midday trading on Thursday, hitting C$41.69. 232,044 shares of the company's stock traded hands, compared to its average volume of 502,413. The company has a market cap of C$5.08 billion, a PE ratio of 74.10 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. MDA Space has a twelve month low of C$14.01 and a twelve month high of C$48.31. The firm's fifty day moving average price is C$36.48 and its two-hundred day moving average price is C$29.37.

Insider Activity at MDA Space

In other news, Senior Officer Minda Marie Suchan sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$30.64, for a total value of C$1,225,608.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$32.02, for a total value of C$256,160.00. 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 currently owned by company 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.