What is Scotiabank’s Forecast for MDA Space FY2027 Earnings?

MDA Space Ltd. (NYSE:MDA) – Scotiabank boosted their FY2027 earnings per share estimates for shares of MDA Space in a note issued to investors on Wednesday, August 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $1.25 per share for the year, up from their prior estimate of $1.17. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.98 per share.

A number of other brokerages have also recently commented on MDA. Zacks Research upgraded shares of MDA Space from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. boosted their target price on shares of MDA Space from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 target price on shares of MDA Space in a report on Monday. Jefferies Financial Group restated a “buy” rating and set a $49.00 target price on shares of MDA Space in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, MDA Space currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

MDA Space Stock Down 3.7%

MDA opened at $31.22 on Friday. The stock has a 50-day simple moving average of $34.94. MDA Space has a twelve month low of $23.23 and a twelve month high of $49.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market capitalization of $5.06 billion and a P/E ratio of 57.81.

MDA Space (NYSE:MDA) last released its quarterly earnings data on Friday, August 7th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $360.18 million for the quarter, compared to the consensus estimate of $321.87 million. MDA Space had a net margin of 5.68% and a return on equity of 9.42%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDA. Van ECK Associates Corp purchased a new position in shares of MDA Space during the 2nd quarter valued at $135,771,000. Caisse de depot et placement du Quebec raised its position in shares of MDA Space by 13.7% in the second quarter. Caisse de depot et placement du Quebec now owns 785,799 shares of the company’s stock worth $32,457,000 after buying an additional 94,799 shares in the last quarter. Cibc World Market Inc. raised its position in shares of MDA Space by 15.0% in the second quarter. Cibc World Market Inc. now owns 201,121 shares of the company’s stock worth $8,303,000 after buying an additional 26,193 shares in the last quarter. Legal & General Group Plc boosted its stake in MDA Space by 10.7% during the second quarter. Legal & General Group Plc now owns 133,893 shares of the company’s stock valued at $5,530,000 after buying an additional 12,889 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in MDA Space by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 124,010 shares of the company’s stock valued at $5,114,000 after buying an additional 10,316 shares during the period.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.