MDA (MDA) Set to Announce Quarterly Earnings on Thursday

MDA (TSE:MDA) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect MDA to post earnings of C$0.16 per share for the quarter.

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

MDA Stock Up 1.5 %

Shares of TSE:MDA opened at C$15.29 on Wednesday. The company has a debt-to-equity ratio of 49.31, a current ratio of 1.22 and a quick ratio of 1.00. The stock has a market cap of C$1.83 billion, a price-to-earnings ratio of 38.23 and a beta of 0.12. The company has a 50 day moving average of C$14.57 and a 200-day moving average of C$12.76. MDA has a one year low of C$6.50 and a one year high of C$15.45.

MDA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 30th. MDA’s dividend payout ratio is presently 370.00%.

Insiders Place Their Bets

In other MDA news, Director John Carter Risley sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. Corporate insiders own 12.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDA. Royal Bank of Canada raised their price target on MDA from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. BMO Capital Markets boosted their target price 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. Finally, Scotiabank increased their price target on shares of MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, MDA has a consensus rating of “Moderate Buy” and a consensus price target of C$14.88.

MDA Company Profile

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.