Linamar (LIMAF) Projected to Announce Quarterly Earnings on Wednesday

Linamar (OTCMKTS:LIMAF) is projected to announce its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $1.88 per share and revenue of $2.06 billion for the quarter.

Linamar Trading Up 0.6%

LIMAF stock opened at $63.25 on Wednesday. Linamar has a 1 year low of $52.48 and a 1 year high of $80.02. The stock has a 50-day simple moving average of $68.88 and a 200-day simple moving average of $68.26.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LIMAF. Scotiabank reissued a “sector perform” rating on shares of Linamar in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Linamar in a research note on Thursday, August 13th. Finally, BMO Capital Markets lowered shares of Linamar from an “outperform” rating to a “market perform” rating in a research note on Friday, September 18th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Linamar Company Profile

Linamar Corporation is a Canadian diversified manufacturing company headquartered in Guelph, Ontario. The company develops and produces precision-engineered components, systems and equipment for the mobility and industrial markets, serving original equipment manufacturers and other customers worldwide.

Through its Mobility segment, Linamar supplies powertrain, driveline, chassis, structural and other vehicle components, including products supporting hybrid and electric vehicle platforms.