MDA Space (NYSE:MDA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

MDA Space (NYSE:MDA) released its quarterly earnings data on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02, Zacks reports. MDA Space had a net margin of 6.04% and a return on equity of 8.72%. The company had revenue of $360.18 million for the quarter, compared to analysts’ expectations of $321.87 million.

MDA Space Price Performance

NYSE MDA opened at $34.65 on Friday. MDA Space has a 1 year low of $23.23 and a 1 year high of $49.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.80. The company has a market cap of $5.62 billion and a price-to-earnings ratio of 123.75. The business has a fifty day moving average price of $36.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MDA shares. Scotiabank restated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. Weiss Ratings raised shares of MDA Space from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Zacks Research upgraded shares of MDA Space from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.67.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.