Linamar (TSE:LNR) Issues Quarterly Earnings Results

Linamar (TSE:LNR) posted its earnings results on Thursday. The company reported C$3.28 EPS for the quarter, FiscalAI reports. The business had revenue of C$2.94 billion during the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.

Linamar Price Performance

LNR opened at C$95.90 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. The stock has a market capitalization of C$5.70 billion, a P/E ratio of 9.86, a PEG ratio of 1.12 and a beta of 1.68. The stock has a 50-day moving average price of C$87.26 and a 200-day moving average price of C$84.47. Linamar has a 12-month low of C$58.45 and a 12-month high of C$98.65.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LNR shares. Scotia lifted their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday. Scotiabank decreased their price objective on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce raised their target price on shares of Linamar from C$105.00 to C$110.00 in a research note on Thursday. Raymond James Financial lifted their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, TD Securities boosted their price target on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Linamar currently has a consensus rating of “Moderate Buy” and an average price target of C$102.57.

Key Stories Impacting Linamar

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: TD raised its price target on Linamar to C$119 from C$116 and kept a buy rating, implying the most upside among the recent notes. Article Link
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$110 from C$105, reinforcing expectations for further gains in the stock. Article Link
• Positive Sentiment: Linamar reported quarterly EPS of C$3.28 on revenue of C$2.94 billion, with a 5.71% net margin and 9.92% return on equity, which appears to be supporting investor confidence. Article Link
• Neutral Sentiment: Scotia lifted its target to C$99 from C$96 and maintained a sector perform rating, signaling a cautious but improved outlook. Article Link
• Neutral Sentiment: Raymond James raised its target to C$100 from C$90 while keeping a market perform rating, adding to the view that the stock is fairly valued near current levels. Article Link

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.