MDA Space (NYSE:MDA) Releases Earnings Results, Beats Estimates By $0.06 EPS

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

MDA Space Stock Performance

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

Analyst Ratings Changes

MDA has been the subject of several recent analyst reports. National Bank Financial initiated coverage on shares of MDA Space in a research note on Monday, September 14th. They set an “outperform” rating for the company. Weiss Ratings downgraded shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 target price on shares of MDA Space in a report on Monday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of MDA Space in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently 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.