MDA Ltd. (TSE:MDA) Forecasted to Earn Q1 2024 Earnings of $0.11 Per Share

MDA Ltd. (TSE:MDA) – Equities research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for MDA in a report released on Monday, April 22nd. Cormark analyst D. Mcfadgen expects that the company will post earnings per share of $0.11 for the quarter. The consensus estimate for MDA’s current full-year earnings is $0.66 per share.

MDA (TSE:MDA) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.18. The business had revenue of C$205.00 million for the quarter, compared to analysts’ expectations of C$208.30 million. MDA had a return on equity of 4.73% and a net margin of 6.04%.

Several other equities analysts have also recently issued reports on the company. Scotiabank raised their price target on MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada raised their target price on MDA from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets raised their target price on MDA from C$13.00 to C$15.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$14.88.

MDA Price Performance

MDA stock opened at C$14.73 on Tuesday. The business’s 50-day simple moving average is C$14.41 and its 200 day simple moving average is C$12.59. The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of 36.83 and a beta of 0.12. MDA has a 12-month low of C$6.21 and a 12-month high of C$15.39. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 49.31.

Insider Transactions at MDA

In other news, Director John Carter Risley sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. 13.18% of the stock is currently owned by insiders.

MDA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Tuesday, April 30th. MDA’s dividend payout ratio is currently 370.00%.

MDA 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.