TSE: MDA Equity research analysts from Zacks Research raised their expectations for MDA’s earnings per share (EPS) for the first quarter of 2023 in a note to investors distributed on Wednesday, December 14th. The previous estimate of the company’s quarterly profits per share, provided by Analyst V. Doshi of Zacks Research, has been increased to $0.26 from the previous estimate of $0.21. As of this moment, the current general average forecast for MDA’s earnings throughout the entirety of the year is $0.23 per share. These predictions are based on historical data. Zacks Research forecasts that MDA will post earnings of $0.51 per share for the fourth quarter of 2023, $0.42 per share for the third quarter of 2024, and $1.69 per share for the full year of 2024. These projections are based on the company’s historical performance.
Trading of TSE MDA shares began on Friday for $5.82 Canadian and continued throughout the day. During the last 52 weeks, the price of MDA has ranged from a low of $5.60 to a high of $11.62 each time. At the current market price, the share of the stock has a market value of 692.59 million Canadian dollars and a price-to-earnings ratio of 41.57. The debt-to-equity ratio comes in at 20.36, the quick ratio comes in at 1.00, and the current ratio comes in at 1.09 for this particular business. The stock price has a simple moving average of fifty days of $6.54, and its simple moving average of two hundred days is $7.79.
Recent research studies carried out by various equity analysts have focused on the company as the subject of their investigation. BMO Capital Markets stated their intention to reduce their price target for MDA from C$10.00 (ten dollars Canadian) to C$8.50 (eight dollars and fifty Canadian dollars) in a research note that was published on November 14th. The Royal Bank of Canada lowered its price objective on MDA shares from C$13.00 to C$12.00 in a report made public on Tuesday, November 15th. Despite this modification, the bank has continued to assign an “outperform” rating to the stock. Canaccord Genuity Group lowered their price objective on MDA shares in a research report published on Wednesday, August 24th. The new price objective is C$12.00, which decreases from C$15.00. This was not the least of the price reductions that the company offered.
MDA Ltd. is a multinational company that develops, produces, and supports space robotics, satellite systems, and intelligence systems in a variety of countries all over the world, including Canada, the United States of America, Europe, Asia, the Middle East, and other regions. These countries and regions include Canada, the United States of America, Europe, Asia, and the Middle East. It offers intelligence systems based on satellite imagery and analytical services to deliver crucial and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance. Satellite imagery makes it possible to watch all of these regions.
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