MDA Ltd. (MDA) To Go Ex-Dividend on April 30th

MDA Ltd. (TSE:MDA) declared a quarterly dividend on Friday, April 12th, Zacks reports. Investors of record on Wednesday, May 1st will be paid a dividend of 0.01 per share on Wednesday, May 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, April 30th.

MDA Price Performance

Shares of TSE MDA opened at C$14.73 on Friday. MDA has a twelve month low of C$6.21 and a twelve month high of C$15.39. The firm has a fifty day simple moving average of C$14.47 and a 200 day simple moving average of C$12.64. The company has a market capitalization of C$1.76 billion, a PE ratio of 36.83 and a beta of 0.12. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 49.31.

MDA (TSE:MDA) last announced its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of C$208.30 million. On average, sell-side analysts forecast that MDA will post 0.6595552 EPS for the current year.

Analysts Set New Price Targets

MDA has been the subject of several research analyst reports. BMO Capital Markets lifted their price target 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. Scotiabank lifted their price target 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. Finally, Royal Bank of Canada lifted their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$14.88.

Insider Activity

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

About MDA

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.