What is Desjardins’ Estimate for MDA Space FY2024 Earnings?

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Desjardins raised their FY2024 earnings estimates for shares of MDA Space in a research note issued on Sunday, November 17th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.93 per share for the year, up from their previous estimate of $0.87. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space’s Q4 2024 earnings at $0.31 EPS, FY2025 earnings at $1.35 EPS and FY2026 earnings at $1.60 EPS.

A number of other equities analysts have also issued reports on MDA. Ci Capital raised their target price on MDA Space from C$15.00 to C$26.00 in a research note on Monday. Cormark raised their price objective on MDA Space from C$30.00 to C$31.00 in a research note on Monday. Royal Bank of Canada upped their target price on MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group raised their price target on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Finally, Scotiabank lifted their price objective on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space currently has a consensus rating of “Buy” and an average target price of C$26.17.

MDA Space Trading Up 2.9 %

TSE MDA opened at C$25.70 on Tuesday. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$27.05. The company has a fifty day simple moving average of C$20.03 and a two-hundred day simple moving average of C$15.69. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock has a market cap of C$3.09 billion, a P/E ratio of 66.29 and a beta of 0.02.

Insider Buying and Selling at MDA Space

In other news, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction dated 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 MDA Space stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Over the last ninety days, insiders sold 198,920 shares of company stock valued at $3,281,370. 12.60% of the stock is owned by company insiders.

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.