Linamar (LIMAF) Projected to Release Quarterly Earnings on Wednesday

Linamar (OTCMKTS:LIMAF) is anticipated to post its results after the market closes on Wednesday, August 12th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $2.1357 billion for the quarter.

Linamar Price Performance

Shares of LIMAF stock opened at $74.88 on Wednesday. Linamar has a 52-week low of $49.26 and a 52-week high of $76.53. The business has a 50-day simple moving average of $72.84 and a 200-day simple moving average of $67.74.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIMAF shares. Scotiabank reiterated a “sector perform” rating on shares of Linamar in a research report on Monday, July 20th. TD Securities reaffirmed a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linamar in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Linamar in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Linamar presently has an average rating of “Moderate Buy”.

Linamar Company Profile

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.