FY2027 Earnings Estimate for MDA Space Issued By Desjardins

MDA Space Ltd. (TSE:MDA) – Desjardins lowered their FY2027 earnings estimates for MDA Space in a research note issued on Tuesday, September 9th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $1.69 for the year, down from their prior forecast of $2.12. Desjardins 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.

A number of other equities research analysts also recently commented on the stock. BMO Capital Markets reduced 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 report on Tuesday. Scotiabank reduced their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of MDA Space from C$54.00 to C$47.00 in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an “outperform” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$38.44.

MDA Space Price Performance

Shares of TSE:MDA opened at C$30.89 on Thursday. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The company has a market cap of C$3.86 billion, a P/E ratio of 34.32 and a beta of -0.63. MDA Space has a 52 week low of C$15.41 and a 52 week high of C$48.31. The company has a 50-day moving average price of C$41.68 and a 200 day moving average price of C$32.27.

Insider Activity at MDA Space

In other news, Senior Officer Holly Lynn Johnson sold 31,200 shares of MDA Space 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 Luigi Pozzebon sold 8,000 shares of MDA Space stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total transaction of C$256,160.00. In the last 90 days, insiders sold 372,230 shares of company stock worth $15,228,315. 12.60% of the stock is currently owned by company insiders.

MDA Space Company Profile

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.