Linamar Co. Forecasted to Earn Q4 2017 Earnings of $1.87 Per Share (LNR)
Linamar Co. (TSE:LNR) – Stock analysts at Cormark dropped their Q4 2017 earnings per share (EPS) estimates for Linamar in a research report issued on Wednesday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $1.87 for the quarter, down from their prior estimate of $1.90.
Several other equities research analysts have also recently weighed in on the company. CIBC upped their target price on Linamar from C$69.00 to C$81.00 in a research note on Thursday, September 28th. TD Securities reduced their target price on Linamar from C$84.00 to C$82.00 and set a “hold” rating for the company in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Linamar from C$79.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$81.60.
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Shares of Linamar (TSE LNR) traded up C$0.38 during trading on Friday, reaching C$66.37. 126,323 shares of the company were exchanged, compared to its average volume of 165,004. Linamar has a 12 month low of C$47.00 and a 12 month high of C$80.58.
In other news, insider Alexander Drolc sold 651 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$70.00, for a total value of C$45,570.00. Also, insider Kenneth Mcdougall sold 2,500 shares of Linamar 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. Over the last ninety days, insiders have sold 3,251 shares of company stock valued at $249,620.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a $0.121 dividend. This is a boost from Linamar’s previous quarterly dividend of $0.12. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, November 22nd. Linamar’s dividend payout ratio (DPR) is presently 5.62%.
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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