MDA Space (NYSE:MDA) Releases Earnings Results, Beats Expectations By $0.06 EPS

MDA Space (NYSE:MDA) issued its quarterly earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06, Zacks reports. MDA Space had a net margin of 5.68% and a return on equity of 9.42%.

MDA Space Stock Performance

Shares of MDA Space stock traded up $1.60 during trading on Friday, hitting $28.44. 1,538,345 shares of the company’s stock traded hands, compared to its average volume of 1,813,913. MDA Space has a 1 year low of $23.23 and a 1 year high of $49.37. The business has a 50-day simple moving average of $28.91 and a 200-day simple moving average of $33.22. The stock has a market capitalization of $4.61 billion and a P/E ratio of 52.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.75 and a quick ratio of 0.72.

Analyst Ratings Changes

Several equities research analysts recently commented on MDA shares. National Bank Financial initiated coverage on shares of MDA Space in a research note on Monday, September 14th. They set an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of MDA Space in a research note on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating on shares of MDA Space in a report on Tuesday, October 13th. JPMorgan Chase & Co. increased their target price on MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $41.00 price target on shares of MDA Space in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

MDA Space Company Profile

MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.

The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.