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

MDA Space Ltd. (TSE:MDA) – Research analysts at Cormark dropped their FY2025 earnings per share estimates for shares of MDA Space in a research note issued on Monday, November 18th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.95 per share for the year, down from their previous estimate of $0.96. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

A number of other equities analysts have also recently weighed in on MDA. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Ci Capital lifted their price objective on MDA Space from C$15.00 to C$26.00 in a report on Monday. Canaccord Genuity Group increased their target price on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Royal Bank of Canada raised their price target on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Finally, Scotiabank raised their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has an average rating of “Buy” and a consensus price target of C$26.17.

MDA Space Stock Performance

The stock’s 50 day moving average price is C$20.25 and its two-hundred day moving average price is C$15.76. The firm has a market capitalization of C$3.17 billion, a PE ratio of 67.63 and a beta of 0.02. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$27.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

Insider Buying and Selling

In other news, Director Michael Philip Greenley sold 175,000 shares of the business’s stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Insiders have sold a total of 198,920 shares of company stock worth $3,281,370 over the last quarter. 12.60% of the stock is owned by company insiders.

About MDA Space

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.