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) - Analysts at Cormark lifted their FY2026 earnings estimates for shares of MDA Space in a research report issued to clients and investors on Tuesday, August 5th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $2.04 per share for the year, up from their previous estimate of $1.76. 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 reports. Scotiabank upgraded MDA Space from a "hold" rating to a "strong-buy" rating and raised their target price for the company from C$39.00 to C$55.00 in a report on Tuesday. Canaccord Genuity Group boosted their target price on MDA Space from C$36.00 to C$45.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Desjardins lifted their price objective on MDA Space from C$40.00 to C$55.00 and gave the company a "buy" rating in a research note on Tuesday. Royal Bank Of Canada upped 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 note on Tuesday. Finally, BMO Capital Markets boosted their target price 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$43.22.

MDA Space Price Performance

Shares of MDA opened at C$45.85 on Thursday. MDA Space has a 1-year low of C$13.00 and a 1-year high of C$48.31. The firm has a 50-day simple moving average of C$35.51 and a two-hundred day simple moving average of C$29.03. The stock has a market cap of C$5.59 billion, a PE ratio of 81.49 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Insiders Place Their Bets

In other news, Senior Officer David Snarch sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total value of C$507,600.00. Also, Director Michael Philip James Greenley sold 200,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. In the last three months, insiders sold 306,000 shares of company stock valued at $9,024,768. 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.

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