What is Scotiabank’s Estimate for MDA Space FY2024 Earnings?

MDA Space Ltd. (TSE:MDA) – Equities research analysts at Scotiabank upped their FY2024 earnings per share estimates for MDA Space in a report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $0.88 per share for the year, up from their prior estimate of $0.78. Scotiabank has a “Outperform” rating and a $33.00 price objective on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Scotiabank also issued estimates for MDA Space’s FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.50 EPS.

A number of other research analysts have also commented on MDA. Royal Bank of Canada lifted their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Ci Capital upped their price objective on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Canaccord Genuity Group lifted their target price on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Finally, Desjardins upgraded MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$31.50.

MDA Space Stock Performance

Shares of MDA Space stock opened at C$27.44 on Monday. The stock has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 72.21 and a beta of 0.02. The firm’s fifty day simple moving average is C$27.68 and its 200-day simple moving average is C$20.04. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space has a 12 month low of C$10.65 and a 12 month high of C$30.00.

Insiders Place Their Bets

In related news, Director Yung Cheng Wu acquired 3,800 shares of MDA Space stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of C$28.49 per share, for a total transaction of C$108,262.00. Also, Director Michael Philip Greenley sold 9,700 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. In the last 90 days, insiders have sold 361,300 shares of company stock worth $10,285,710. Company insiders own 12.60% of the company’s stock.

About MDA Space

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.