MDA (MDA) Scheduled to Post Earnings on Thursday

MDA (TSE:MDA) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.16 per share for the quarter.

MDA (TSE:MDA) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS 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 firm had revenue of C$205.00 million during the quarter, compared to analysts’ expectations of C$208.30 million.

MDA Trading Up 2.9 %

MDA stock opened at C$15.07 on Tuesday. MDA has a 1-year low of C$6.50 and a 1-year high of C$15.39. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 49.31. The business’s 50 day moving average is C$14.54 and its 200-day moving average is C$12.74. The firm has a market cap of C$1.80 billion, a P/E ratio of 37.68 and a beta of 0.12.

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 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.27%. The ex-dividend date is Tuesday, April 30th. MDA’s dividend payout ratio is 370.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on MDA from C$13.00 to C$15.00 and gave the company a “market perform” rating in a report 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 report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price objective on shares of MDA from C$15.00 to C$16.00 and gave the stock 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.88.

Insider Activity at MDA

In other MDA 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 transaction of C$1,500,660.00. 12.63% of the stock is currently owned by company insiders.

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.