MDA Ltd. Declares Quarterly Dividend of $0.01 (TSE:MDA)

MDA Ltd. (TSE:MDA) announced a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Wednesday, May 1st will be given a dividend of 0.01 per share on Wednesday, May 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, April 30th.

MDA Stock Up 0.3 %

MDA stock opened at C$14.73 on Friday. MDA has a 12 month low of C$6.21 and a 12 month high of C$15.39. The firm has a market cap of C$1.76 billion, a PE ratio of 36.83 and a beta of 0.12. The firm has a 50 day simple moving average of C$14.47 and a 200 day simple moving average of C$12.64. The company has a debt-to-equity ratio of 49.31, a current ratio of 1.22 and a quick ratio of 1.00.

MDA (TSE:MDA) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.18. MDA had a net margin of 6.04% and a return on equity of 4.73%. The business had revenue of C$205.00 million during the quarter, compared to the consensus estimate of C$208.30 million. Equities research analysts forecast that MDA will post 0.6595552 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDA. Scotiabank raised their target price on shares of MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada raised their target price on shares of MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets raised their target price on shares of MDA from C$13.00 to C$15.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$14.88.

Insider Buying and Selling at MDA

In other MDA news, Director John Carter Risley sold 100,000 shares of MDA stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total value of C$1,500,660.00. Insiders own 13.18% of the company’s stock.

MDA Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.