FY2027 Earnings Estimate for MDA Space Issued By Scotiabank

MDA Space Ltd. (TSE:MDA) – Investment analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for shares of MDA Space in a research note issued on Friday, June 26th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.58 for the year, up from their previous forecast of $1.57. Scotiabank has a “Sector Outperform” rating and a $71.00 price objective on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

MDA Space (TSE:MDA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$464.10 million for the quarter. MDA Space had a return on equity of 7.24% and a net margin of 6.02%.

Other equities research analysts also recently issued research reports about the stock. Desjardins upped their price target on shares of MDA Space from C$66.00 to C$70.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Jefferies Financial Group raised shares of MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets boosted their target price on shares of MDA Space from C$53.00 to C$68.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Canadian Imperial Bank of Commerce set a C$57.00 target price on shares of MDA Space and gave the company an “outperformer” rating in a research report on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered their price target on shares of MDA Space from C$67.00 to C$62.00 and set a “sector perform” rating for the company in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$63.40.

MDA Space Trading Up 8.5%

MDA stock opened at C$58.60 on Wednesday. The firm has a fifty day moving average price of C$52.64 and a 200 day moving average price of C$41.95. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.00 and a current ratio of 0.80. The firm has a market cap of C$8.13 billion, a PE ratio of 73.85 and a beta of -0.53.

Insider Buying and Selling

In other MDA Space news, insider Guillaume Lavoie sold 688 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the transaction, the insider owned 5,569 shares in the company, valued at C$309,747.78. The trade was a 11.00% decrease in their ownership of the stock. Also, insider Holly Lynn Johnson sold 45,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the completion of the sale, the insider directly owned 60,331 shares in the company, valued at approximately C$3,184,873.49. This represents a 42.72% decrease in their position. Insiders have sold 119,269 shares of company stock valued at $6,318,903 in the last three months. Corporate insiders own 12.60% of the company’s stock.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.