MDA Space (NYSE:MDA) Announces Quarterly Earnings Results

MDA Space (NYSE:MDA) announced its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06, Zacks reports. MDA Space had a net margin of 5.68% and a return on equity of 9.42%.

MDA Space Stock Performance

Shares of NYSE:MDA traded up $0.54 on Thursday, reaching $26.77. The company’s stock had a trading volume of 2,831,832 shares, compared to its average volume of 1,851,607. MDA Space has a 52-week low of $23.23 and a 52-week high of $49.37. The company has a 50-day simple moving average of $28.95 and a 200 day simple moving average of $33.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.75.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDA. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $41.00 target price on shares of MDA Space in a report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Weiss Ratings lowered MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price target on shares of MDA Space in a report on Monday, August 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of MDA Space in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.

MDA Space Company Profile

MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.

The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.