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

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

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

MDA Stock Performance

Shares of MDA opened at C$14.73 on Tuesday. The company has a debt-to-equity ratio of 49.31, a quick ratio of 1.00 and a current ratio of 1.22. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 36.83 and a beta of 0.12. The company’s fifty day moving average is C$14.41 and its two-hundred day moving average is C$12.59. MDA has a 1 year low of C$6.21 and a 1 year high of C$15.39.

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

Insider Transactions at MDA

In other news, Director John Carter Risley sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. Corporate insiders own 13.18% of the company’s stock.

MDA Cuts Dividend

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