Linamar (TSE:LNR) Releases Earnings Results

Linamar (TSE:LNR) released its quarterly earnings results on Thursday. The company reported C$3.28 EPS for the quarter, FiscalAI reports. The business had revenue of C$2.94 billion for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%.

Linamar Stock Up 0.3%

TSE LNR traded up C$0.32 on Friday, hitting C$95.63. 12,035 shares of the stock traded hands, compared to its average volume of 122,242. The company has a current ratio of 1.73, a quick ratio of 0.75 and a debt-to-equity ratio of 34.42. The stock has a 50-day moving average of C$87.26 and a 200 day moving average of C$84.47. Linamar has a twelve month low of C$58.45 and a twelve month high of C$98.65. The company has a market capitalization of C$5.69 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68.

More Linamar News

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: TD raised its price target to C$119 and reiterated a “buy” rating, representing the largest upside among the recent notes (~24.9% above the referenced C$95.31 level). This is the most bullish analyst action and likely the biggest positive catalyst for the stock today. TD price target raise
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$110 (about a 15.4% upside vs the referenced price), reinforcing analyst confidence in Linamar’s outlook. CIBC price target raise
• Positive Sentiment: Raymond James increased its target to C$100 and kept a “market perform” rating, and Scotia bumped its target to C$99 with a “sector perform” call — both modestly positive and supportive of near-term upside. These lifts add breadth to the analyst support this morning. Raymond James & Scotia raises
• Neutral Sentiment: Q1 results: Linamar reported C$3.28 EPS on C$2.94 billion in revenue, with a 5.71% net margin and 9.92% ROE. The report supplies the fundamentals behind analyst upgrades, but without clear headline beats or guidance changes in the summary, the earnings release is currently a supporting (neutral-to-slightly-positive) factor rather than a standalone catalyst. Earnings release and call

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD lifted their price objective on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank decreased their price target on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Raymond James Financial lifted their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday. Scotia upped their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, TD Securities increased their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$102.57.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.