MDA Space (NYSE:MDA) Announces Earnings Results, Beats Expectations By $0.06 EPS

MDA Space (NYSE:MDA) issued its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06, Zacks reports. MDA Space had a net margin of 5.68% and a return on equity of 9.42%.

MDA Space Stock Performance

Shares of MDA stock traded up $0.54 during mid-day trading on Thursday, hitting $26.77. The stock had a trading volume of 2,831,832 shares, compared to its average volume of 1,851,607. The firm has a market cap of $4.34 billion and a PE ratio of 49.57. The company’s 50-day simple moving average is $28.95 and its 200-day simple moving average is $33.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.75 and a quick ratio of 0.72. MDA Space has a fifty-two week low of $23.23 and a fifty-two week high of $49.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of MDA Space in a report on Monday, August 17th. Jefferies Financial Group reissued a “buy” rating on shares of MDA Space in a report on Tuesday, October 13th. National Bank Financial started coverage on MDA Space in a research report on Monday, September 14th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price objective on shares of MDA Space in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MDA Space presently has an average rating of “Moderate Buy” and an average price target of $50.00.

MDA Space Company Profile

MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.

The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.