Q3 2017 Earnings Forecast for Linamar Co. (LNR) Issued By Cormark
Linamar Co. (TSE:LNR) – Stock analysts at Cormark cut their Q3 2017 earnings per share estimates for Linamar in a research report issued to clients and investors on Tuesday. Cormark analyst D. Tyerman now anticipates that the company will earn $1.91 per share for the quarter, down from their previous estimate of $1.95. Cormark also issued estimates for Linamar’s Q4 2017 earnings at $1.90 EPS, FY2017 earnings at $8.56 EPS, Q1 2018 earnings at $2.40 EPS, Q2 2018 earnings at $2.64 EPS, Q3 2018 earnings at $2.09 EPS, Q4 2018 earnings at $2.12 EPS, FY2018 earnings at $9.24 EPS, FY2019 earnings at $9.83 EPS, FY2020 earnings at $10.39 EPS and FY2021 earnings at $10.99 EPS.
A number of other research firms also recently commented on LNR. BMO Capital Markets boosted their target price on Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a research report on Monday. CIBC upped their price objective on Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th. TD Securities decreased their price objective on Linamar from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$78.40.
Linamar (TSE:LNR) opened at 78.20 on Wednesday. The company has a market capitalization of $5.11 billion and a price-to-earnings ratio of 9.47. The stock’s 50 day moving average price is $75.37 and its 200 day moving average price is $66.75. Linamar has a 12 month low of $47.00 and a 12 month high of $80.29.
Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported C$2.45 EPS for the quarter, beating the consensus estimate of C$2.35 by C$0.10. The firm had revenue of C$1.77 billion for the quarter, compared to analyst estimates of C$1.71 billion. Linamar had a return on equity of 22.89% and a net margin of 9.17%.
In other Linamar news, insider Kenneth Mcdougall sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of C$78.74, for a total transaction of C$196,850.00. Also, insider Alexander Drolc sold 651 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of C$70.00, for a total value of C$45,570.00. Over the last 90 days, insiders have sold 3,251 shares of company stock worth $249,620.
Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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