Linamar (LIMAF) Expected to Post Quarterly Earnings on Wednesday

Linamar (OTCMKTS:LIMAF) is expected to be issuing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $1.88 per share and revenue of $2.06 billion for the quarter.

Linamar Trading Up 0.6%

Shares of LIMAF opened at $63.25 on Wednesday. The company’s fifty day moving average is $68.88 and its two-hundred day moving average is $68.26. Linamar has a fifty-two week low of $52.48 and a fifty-two week high of $80.02.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets cut Linamar from an “outperform” rating to a “market perform” rating in a report on Friday, September 18th. Scotiabank restated a “sector perform” rating on shares of Linamar in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Linamar in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Linamar

Linamar Corporation is a Canadian diversified manufacturing company headquartered in Guelph, Ontario. The company develops and produces precision-engineered components, systems and equipment for the mobility and industrial markets, serving original equipment manufacturers and other customers worldwide.

Through its Mobility segment, Linamar supplies powertrain, driveline, chassis, structural and other vehicle components, including products supporting hybrid and electric vehicle platforms.