What is Raymond James’ Estimate for TSE:MRE FY2024 Earnings?

Martinrea International Inc. (TSE:MRE) – Stock analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Martinrea International in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now anticipates that the company will post earnings per share of $1.95 for the year, down from their prior estimate of $2.00. 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 Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.33 EPS.

Other analysts have also issued reports about the company. BMO Capital Markets lowered their target price on Martinrea International from C$15.00 to C$13.00 in a research note on Thursday. CIBC lowered their target price on Martinrea International from C$17.00 to C$14.50 in a research note on Thursday. Finally, TD Securities lowered their target price on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Stock Performance

Shares of Martinrea International stock opened at C$9.68 on Friday. The business’s fifty day simple moving average is C$11.13 and its 200 day simple moving average is C$11.39. The firm has a market capitalization of C$724.16 million, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. Martinrea International has a 12 month low of C$9.52 and a 12 month high of C$14.59. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13.

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.