Raymond James Has Bearish Outlook for TSE:MRE Q3 Earnings

Martinrea International Inc. (TSE:MRE) – Research analysts at Raymond James lowered their Q3 2024 earnings per share (EPS) estimates for Martinrea International in a note issued to investors on Thursday, November 7th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.56. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International’s Q4 2024 earnings at $0.45 EPS and FY2024 earnings at $2.00 EPS.

Other analysts have also recently issued research reports about the company. CIBC reduced their price objective on Martinrea International from C$17.50 to C$17.00 in a research report on Friday. TD Securities reduced their price objective on Martinrea International from C$19.00 to C$18.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, BMO Capital Markets reduced their price objective on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.33.

Martinrea International Stock Up 0.3 %

Martinrea International stock opened at C$11.05 on Monday. The stock has a market cap of C$826.65 million, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. Martinrea International has a one year low of C$10.05 and a one year high of C$14.59. The stock has a fifty day moving average of C$11.25 and a 200 day moving average of C$11.42.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.