MDA Ltd. to Post Q1 2024 Earnings of $0.11 Per Share, Cormark Forecasts (TSE:MDA)

MDA Ltd. (TSE:MDA) – Equities researchers at Cormark issued their Q1 2024 earnings estimates for MDA in a report released on Monday, April 22nd. Cormark analyst D. Mcfadgen expects that the company will earn $0.11 per share for the quarter. The consensus estimate for MDA’s current full-year earnings is $0.66 per share.

Several other brokerages also recently commented on MDA. Scotiabank upped their price objective on shares of MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets upped their price objective on shares of MDA from C$13.00 to C$15.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on shares of MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$14.88.

MDA Stock Performance

Shares of TSE:MDA opened at C$14.66 on Tuesday. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of 36.65 and a beta of 0.12. The company has a 50-day moving average price of C$14.43 and a 200-day moving average price of C$12.60. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 49.31. MDA has a 12 month low of C$6.21 and a 12 month high of C$15.39.

MDA (TSE:MDA) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of C$205.00 million during the quarter, compared to analyst estimates of C$208.30 million.

Insider Buying and Selling

In related news, Director John Carter Risley sold 100,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total value of C$1,500,660.00. 13.18% of the stock is owned by insiders.

MDA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Tuesday, April 30th. MDA’s payout ratio is currently 370.00%.

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.