Research Analysts Set Expectations for TSE:MRE Q4 Earnings

Martinrea International Inc. (TSE:MRE) – Stock analysts at Raymond James reduced their Q4 2024 earnings per share (EPS) estimates for Martinrea International in a report issued on Wednesday, November 13th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their prior forecast of $0.45. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share.

A number of other research firms have also weighed in on MRE. CIBC cut their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. TD Securities cut their price objective on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets lowered their target price on Martinrea International from C$15.00 to C$13.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Martinrea International has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Stock Performance

Martinrea International has a one year low of C$9.52 and a one year high of C$14.59. The business has a fifty day moving average price of C$11.13 and a two-hundred day moving average price of C$11.39. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The firm has a market capitalization of C$739.12 million, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.