What is Scotiabank’s Estimate for Linamar FY2027 Earnings?

Linamar Co. (TSE:LNR) – Equities research analysts at Scotiabank decreased their FY2027 earnings per share estimates for shares of Linamar in a research report issued to clients and investors on Thursday, July 23rd. Scotiabank analyst J. Goldman now forecasts that the company will earn $13.57 per share for the year, down from their prior estimate of $14.01. Scotiabank has a “Sector Perform” rating and a $102.00 price objective on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

Linamar (TSE:LNR) last released its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. The firm had revenue of C$2.94 billion for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.

Several other equities research analysts have also recently commented on LNR. TD boosted their target price on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their price target on Linamar from C$110.00 to C$115.00 in a research report on Tuesday, July 14th. Raymond James Financial raised their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Finally, Scotia lifted their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Linamar currently has an average rating of “Moderate Buy” and an average price target of C$104.14.

Linamar Stock Up 1.2%

TSE:LNR opened at C$102.79 on Monday. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The company has a market cap of C$6.09 billion, a PE ratio of 9.79, a PEG ratio of 1.12 and a beta of 1.72. Linamar has a 52-week low of C$65.60 and a 52-week high of C$107.12. The stock has a 50-day simple moving average of C$101.29 and a 200 day simple moving average of C$93.13.

Insider Buying and Selling at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the sale, the insider owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. 33.49% of the stock is owned by insiders.

About Linamar

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.