Desjardins Has Bearish Outlook for MDA Space FY2026 Earnings

MDA Space Ltd. (TSE:MDA) – Analysts at Desjardins dropped their FY2026 earnings per share (EPS) estimates for shares of MDA Space in a research note issued to investors on Tuesday, September 9th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $1.51 for the year, down from their previous forecast of $1.76. Desjardins currently has a “Buy” rating and a $43.00 price target on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

Several other brokerages also recently issued reports on MDA. Canaccord Genuity Group cut their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday. Scotiabank lowered their target price on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets reduced their price target on shares of MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada decreased their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$38.44.

MDA Space Stock Performance

Shares of TSE:MDA opened at C$31.78 on Wednesday. The business’s fifty day moving average price is C$41.80 and its two-hundred day moving average price is C$32.23. MDA Space has a fifty-two week low of C$14.99 and a fifty-two week high of C$48.31. The stock has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 35.31 and a beta of -0.63. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Insider Transactions at MDA Space

In other news, Director Brendan Paddick sold 54,400 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of C$45.09, for a total value of C$2,452,727.36. Following the completion of the transaction, the director owned 1,181,953 shares in the company, valued at C$53,290,596.72. This represents a 4.40% decrease in their ownership of the stock. Also, Director John Carter Risley sold 184,230 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$43.00, for a total transaction of C$7,921,890.00. Following the completion of the transaction, the director directly owned 1,246,020 shares of the company’s stock, valued at approximately C$53,578,860. The trade was a 12.88% decrease in their ownership of the stock. In the last 90 days, insiders have sold 372,230 shares of company stock valued at $15,228,315. 12.60% of the stock is currently owned by insiders.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.