Cormark Has Pessimistic Outlook of MDA Space FY2025 Earnings

MDA Space Ltd. (TSE:MDA) – Analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for MDA Space in a research note issued on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.95 per share for the year, down from their prior forecast of $0.96. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

Several other research firms also recently issued reports on MDA. Scotiabank lifted their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their target price on MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Royal Bank of Canada upped their price target on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Finally, Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$27.83.

MDA Space Trading Down 0.3 %

TSE MDA opened at C$26.46 on Wednesday. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is C$20.47 and its 200-day moving average is C$15.84. MDA Space has a one year low of C$10.65 and a one year high of C$27.47. The firm has a market cap of C$3.18 billion, a P/E ratio of 69.84 and a beta of 0.02.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Over the last three months, insiders sold 198,920 shares of company stock worth $3,281,370. 12.60% of the stock is currently owned by insiders.

About MDA Space

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.