What is Scotiabank’s Estimate for Linamar FY2027 Earnings?

Linamar Co. (TSE:LNR) – Analysts at Scotiabank issued their FY2027 earnings per share estimates for Linamar in a research report issued to clients and investors on Thursday, March 5th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $13.51 for the year. Scotiabank currently has a “Sector Perform” rating and a $98.00 price objective on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

Several other equities research analysts have also recently issued reports on the company. Raymond James Financial raised their price objective on Linamar from C$85.00 to C$100.00 in a report on Thursday. Canadian Imperial Bank of Commerce boosted their price target on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, TD Securities raised their price objective on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$98.20.

Linamar Stock Performance

TSE:LNR opened at C$95.20 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. The company has a market capitalization of C$5.69 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.72. The firm has a 50-day moving average price of C$89.07 and a two-hundred day moving average price of C$80.92. Linamar has a twelve month low of C$43.84 and a twelve month high of C$98.65.

Linamar (TSE:LNR) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share (EPS) for the quarter. The firm had revenue of C$2.52 billion during the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%.

Insider Activity

In other Linamar news, insider Alexander Drolc sold 427 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is currently owned by corporate insiders.

Linamar Company Profile

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.