Cormark Comments on MDA Space’s FY2025 Earnings (TSE:MDA)

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Cormark upped their FY2025 earnings per share estimates for MDA Space in a note issued to investors on Tuesday, February 11th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $1.07 per share for the year, up from their previous estimate of $0.95. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group increased their price target on MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Citigroup increased their price target on MDA Space from C$26.00 to C$30.00 in a research report on Thursday, January 30th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Finally, Scotiabank raised their price objective on MDA Space from C$29.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has an average rating of “Buy” and an average target price of C$31.29.

MDA Space Stock Performance

Shares of TSE MDA opened at C$24.22 on Wednesday. The stock has a 50 day moving average price of C$27.28 and a 200 day moving average price of C$21.84. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The stock has a market capitalization of C$2.95 billion, a PE ratio of 43.05 and a beta of 0.02.

Insider Buying and Selling

In related news, Director Michael Philip Greenley sold 290,600 shares of MDA Space stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total transaction of C$8,296,630.00. Also, Director Yung Cheng Wu purchased 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of C$28.49 per share, with a total value of C$108,262.00. In the last ninety days, insiders sold 361,300 shares of company stock valued at $10,285,710. Insiders own 12.60% of the company’s stock.

MDA Space 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.