Scotiabank Has Bearish Forecast for Linamar FY2026 Earnings

Linamar Co. (TSE:LNR) – Analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Linamar in a note issued to investors on Wednesday, November 11th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $11.13 for the year, down from their prior estimate of $11.72. Scotiabank currently has a “Sector Perform” rating and a $114.00 price objective on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price target for the company. in a research note on Friday, September 18th. Scotia lowered their price target on Linamar from C$111.00 to C$103.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 5th. TD lowered Linamar from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$120.00 to C$106.00 in a report on Thursday, November 5th. Canadian Imperial Bank of Commerce raised their price objective on Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. Finally, TD Securities downgraded Linamar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 5th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$108.86.

Linamar Stock Performance

Shares of TSE LNR opened at C$85.71 on Friday. Linamar has a 1 year low of C$75.34 and a 1 year high of C$110.58. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.75 and a current ratio of 1.88. The company has a market capitalization of C$5.02 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. The company’s fifty day moving average price is C$93.64 and its 200 day moving average price is C$94.94.

Linamar (TSE:LNR) last issued its quarterly earnings data on Wednesday, November 4th. The company reported C$2.59 earnings per share (EPS) for the quarter. The business had revenue of C$3.08 billion during the quarter. Linamar had a return on equity of 10.39% and a net margin of 5.69%.

Linamar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, December 2nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. Linamar’s dividend payout ratio (DPR) is currently 10.68%.

Insider Transactions at Linamar

In related news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the sale, the director directly owned 455,914 shares in the company, valued at approximately C$48,135,400.12. The trade was a 3.99% decrease in their position. Insiders own 33.49% of the company’s stock.

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.