MDA Space (MDA) Set to Announce Earnings on Thursday

MDA Space (TSE:MDA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.10 per share for the quarter.

MDA Space (TSE:MDA) last announced its earnings results on Thursday, May 9th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.01. MDA Space had a net margin of 5.71% and a return on equity of 4.41%. The business had revenue of C$209.10 million during the quarter, compared to the consensus estimate of C$210.35 million.

MDA Space Price Performance

Shares of TSE MDA opened at C$12.14 on Wednesday. MDA Space has a fifty-two week low of C$8.30 and a fifty-two week high of C$15.45. The company has a 50 day simple moving average of C$12.62 and a two-hundred day simple moving average of C$13.32. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 32.03 and a beta of 0.14. The company has a debt-to-equity ratio of 52.23, a quick ratio of 1.00 and a current ratio of 1.29.

Insider Activity

In other news, Director Brendan Paddick purchased 85,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of C$11.96 per share, for a total transaction of C$1,016,600.00. Corporate insiders own 12.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDA. Scotiabank raised their target price on shares of MDA Space from C$18.50 to C$20.00 in a research note on Thursday, July 18th. Royal Bank of Canada set a C$16.00 target price on shares of MDA Space and gave the company an “outperform” rating in a research note on Monday, June 24th.

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.