Cormark Has Pessimistic Outlook of Mattr FY2024 Earnings

Mattr Corp. (TSE:MAT) – Research analysts at Cormark lowered their FY2024 earnings per share estimates for Mattr in a note issued to investors on Thursday, February 20th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.73 for the year, down from their prior estimate of $0.80. Cormark also issued estimates for Mattr’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.38 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.52 EPS, Q3 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.38 EPS and FY2026 earnings at $1.74 EPS.

Separately, Atb Cap Markets cut shares of Mattr from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 17th.

Mattr Stock Performance

Insider Activity

In related news, Director Kevin Nugent purchased 2,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was purchased at an average cost of C$12.71 per share, for a total transaction of C$25,410.00.