Equities Analysts Set Expectations for Linamar Co.’s FY2017 Earnings (LNR)
Linamar Co. (TSE:LNR) – Gabelli decreased their FY2017 earnings per share (EPS) estimates for shares of Linamar in a report released on Thursday. Gabelli analyst M. Paige now anticipates that the company will post earnings per share of $8.25 for the year, down from their previous forecast of $8.30. Gabelli also issued estimates for Linamar’s FY2018 earnings at $8.80 EPS and FY2021 earnings at $10.70 EPS.
Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.35 by $0.10. Linamar had a net margin of 8.76% and a return on equity of 21.77%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion.
Other analysts also recently issued research reports about the stock. CIBC increased their target price on shares of Linamar from C$65.00 to C$69.00 in a research report on Friday, May 12th. TD Securities increased their target price on shares of Linamar from C$68.00 to C$73.00 and gave the company a “hold” rating in a research report on Thursday, May 11th. BMO Capital Markets set a C$70.00 target price on shares of Linamar and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Scotiabank increased their target price on shares of Linamar from C$80.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Finally, Royal Bank Of Canada increased their target price on shares of Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$74.00.
Linamar (LNR) opened at 69.99 on Monday. The company’s 50-day moving average is $66.17 and its 200 day moving average is $61.39. Linamar has a 1-year low of $47.00 and a 1-year high of $72.12. The company has a market cap of $4.57 billion and a price-to-earnings ratio of 8.47.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, August 23rd. This is an increase from Linamar’s previous quarterly dividend of $0.10.
In other news, insider Kenneth Mcdougall sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of C$62.10, for a total transaction of C$248,400.00. Also, insider Jose Manuel Chaves acquired 2,000 shares of Linamar stock in a transaction dated Friday, July 7th. The shares were bought at an average cost of C$63.16 per share, with a total value of C$126,320.00.
Linamar Company Profile
Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, United States, the Asia Pacific, Mexico, and Europe. It operates through two segments, Powertrain/Driveline and Industrial. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.
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