MDA Space (TSE:MDA) Releases Quarterly Earnings Results

MDA Space (TSE:MDA) released its earnings results on Wednesday. The company reported C$0.45 earnings per share (EPS) for the quarter, FiscalAI reports. MDA Space had a return on equity of 8.76% and a net margin of 7.40%.The firm had revenue of C$499.10 million during the quarter.

MDA Space Price Performance

Shares of MDA opened at C$40.53 on Wednesday. The company has a debt-to-equity ratio of 32.45, a current ratio of 0.55 and a quick ratio of 1.00. MDA Space has a 1-year low of C$20.22 and a 1-year high of C$48.31. The stock has a market cap of C$5.12 billion, a PE ratio of 47.68 and a beta of -0.97. The firm has a fifty day moving average price of C$34.38 and a 200 day moving average price of C$32.68.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDA. Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from C$32.00 to C$46.00 in a research report on Friday, January 16th. Desjardins boosted their price target on shares of MDA Space from C$39.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Canaccord Genuity Group increased their price objective on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Scotiabank lifted their price objective on shares of MDA Space from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets boosted their target price on shares of MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$45.43.

Insider Activity at MDA Space

In other news, Director John Carter Risley sold 75,700 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was 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 approximately C$8,523,500.70. The trade was a 19.44% decrease in their position. Company insiders own 12.60% of the company’s stock.

About MDA Space

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.