MDA Ltd. Forecasted to Earn Q1 2024 Earnings of $0.11 Per Share (TSE:MDA)

MDA Ltd. (TSE:MDA) – Equities research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of MDA in a report issued on Monday, April 22nd. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $0.11 per share for the quarter. The consensus estimate for MDA’s current full-year earnings is $0.66 per share.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on MDA from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Scotiabank lifted their price target on MDA from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets lifted their price target on MDA from C$13.00 to C$15.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, MDA has a consensus rating of “Moderate Buy” and a consensus price target of C$14.88.

MDA Stock Down 1.2 %

MDA opened at C$14.27 on Tuesday. The business has a 50 day moving average price of C$14.38 and a 200 day moving average price of C$12.57. MDA has a twelve month low of C$6.21 and a twelve month high of C$15.39. The company has a debt-to-equity ratio of 49.31, a quick ratio of 1.00 and a current ratio of 1.22. The firm has a market cap of C$1.71 billion, a P/E ratio of 35.68 and a beta of 0.12.

MDA (TSE:MDA) last posted its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.18. MDA had a return on equity of 4.73% and a net margin of 6.04%. The firm had revenue of C$205.00 million during the quarter, compared to analyst estimates of C$208.30 million.

Insiders Place Their Bets

In other news, Director John Carter Risley sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. Company insiders own 13.18% of the company’s stock.

MDA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.28%. The ex-dividend date is Tuesday, April 30th. MDA’s dividend payout ratio is currently 370.00%.

About MDA

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.