Cormark Has Negative Outlook of MDA Space FY2026 Earnings

MDA Space Ltd. (TSE:MDA) – Equities researchers at Cormark dropped their FY2026 earnings estimates for MDA Space in a research note issued on Monday, September 8th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $1.73 for the year, down from their prior forecast of $2.02. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space’s FY2027 earnings at $1.83 EPS.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of MDA Space from C$53.00 to C$40.00 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity Group lowered their price objective on shares of MDA Space from C$54.00 to C$47.00 in a research report on Tuesday. Desjardins lowered their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank Of Canada reduced their target price 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. Finally, Scotiabank reduced their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, MDA Space has an average rating of “Buy” and an average price target of C$38.44.

MDA Space Stock Performance

Shares of MDA opened at C$30.89 on Thursday. The firm has a 50-day moving average of C$41.68 and a 200-day moving average of C$32.27. MDA Space has a one year low of C$15.41 and a one year high of C$48.31. The company has a market cap of C$3.86 billion, a PE ratio of 34.32 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 Buying and Selling

In other MDA Space news, Senior Officer Holly Lynn Johnson sold 31,200 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Senior Officer Minda Marie Suchan sold 40,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$30.64, for a total value of C$1,225,608.00. Insiders have sold a total of 372,230 shares of company stock worth $15,228,315 over the last quarter. 12.60% of the stock is 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.