Raymond James Comments on Linamar’s Q4 Earnings (TSE:LNR)

Linamar Co. (TSE:LNR) – Raymond James decreased their Q4 2024 earnings per share estimates for Linamar in a report released on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will post earnings per share of $1.64 for the quarter, down from their previous estimate of $2.09. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.20 EPS, Q4 2025 earnings at $1.96 EPS and FY2025 earnings at $8.47 EPS.

Other analysts also recently issued reports about the company. TD Securities downgraded Linamar from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$89.00 to C$68.00 in a report on Wednesday, November 13th. Scotiabank lowered Linamar from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$86.00 to C$77.00 in a research report on Tuesday, October 29th. BMO Capital Markets lowered their price objective on Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th. Finally, CIBC reduced their target price on Linamar from C$85.00 to C$84.00 in a report on Thursday.

Linamar Price Performance

LNR stock opened at C$61.23 on Monday. The company has a market capitalization of C$3.77 billion, a P/E ratio of 6.25, a PEG ratio of 1.12 and a beta of 1.41. The company has a fifty day moving average price of C$61.67 and a 200-day moving average price of C$64.93. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. Linamar has a 52-week low of C$54.95 and a 52-week high of C$73.84.

Linamar (TSE:LNR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The business had revenue of C$2.64 billion during the quarter, compared to analyst estimates of C$2.75 billion.

About Linamar

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.