What is Cormark’s Forecast for MDA Space FY2026 Earnings?

MDA Space Ltd. (TSE:MDA) – Research analysts at Cormark reduced their FY2026 earnings per share (EPS) estimates for MDA Space in a report issued on Monday, September 8th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $1.73 for the year, down from their previous estimate of $2.02. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Cormark also issued estimates for MDA Space’s FY2027 earnings at $1.83 EPS.

A number of other equities research analysts have also recently weighed in on MDA. BMO Capital Markets cut their price objective on shares of MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a report on Tuesday. Canaccord Genuity Group dropped their price target on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday. Desjardins reduced their price objective on MDA Space from C$56.00 to C$43.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank Of Canada lowered their price objective on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Scotiabank cut their target price on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$38.44.

MDA Space Stock Down 3.7%

Shares of MDA Space stock opened at C$31.78 on Thursday. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The company has a 50-day moving average of C$41.80 and a 200 day moving average of C$32.23. The firm has a market cap of C$3.97 billion, a price-to-earnings ratio of 35.31 and a beta of -0.63. MDA Space has a 1 year low of C$14.99 and a 1 year high of C$48.31.

Insiders Place Their Bets

In related news, Senior Officer Holly Lynn Johnson sold 31,200 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Director John Carter Risley sold 184,230 shares of MDA Space stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$43.00, for a total value of C$7,921,890.00. Following the completion of the sale, the director owned 1,246,020 shares of the company’s stock, valued at C$53,578,860. The trade was a 12.88% decrease in their ownership of the stock. In the last quarter, insiders have sold 372,230 shares of company stock worth $15,228,315. 12.60% of the stock is owned by corporate insiders.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.