Scotiabank Brokers Decrease Earnings Estimates for MDA Space

MDA Space Ltd. (TSE:MDA) – Research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of MDA Space in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst K. Gupta now expects that the company will earn $1.39 per share for the year, down from their previous forecast of $1.50. Scotiabank currently has a “Outperform” rating and a $42.00 target price on the stock. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share.

MDA has been the topic of a number of other research reports. Royal Bank Of Canada lowered their price objective on MDA Space from C$45.00 to C$38.00 in a report on Monday, November 17th. BMO Capital Markets lowered their price target on MDA Space from C$36.00 to C$32.00 in a report on Monday, November 17th. Morgan Stanley raised shares of MDA Space from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from C$32.00 to C$46.00 in a research report on Friday, January 16th. Finally, Stifel Nicolaus set a C$48.00 price objective on shares of MDA Space and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, MDA Space currently has an average rating of “Buy” and a consensus target price of C$40.75.

MDA Space Trading Up 0.4%

MDA Space stock opened at C$36.70 on Monday. MDA Space has a one year low of C$19.96 and a one year high of C$48.31. The company’s fifty day moving average price is C$27.12 and its two-hundred day moving average price is C$33.49. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The company has a market capitalization of C$4.63 billion, a price-to-earnings ratio of 43.18 and a beta of -1.15.

MDA Space (TSE:MDA) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$409.80 million during the quarter. MDA Space had a net margin of 7.22% and a return on equity of 6.17%.

Insider Buying and Selling

In other MDA Space news, Director John Carter Risley sold 75,700 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the sale, the director directly owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. This represents a 19.44% decrease in their position. 12.60% of the stock is currently owned by insiders.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.