Linamar Co. (TSE:LNR) to Post Q4 2024 Earnings of $2.21 Per Share, Raymond James Forecasts

Linamar Co. (TSE:LNR) – Analysts at Raymond James upped their Q4 2024 earnings estimates for shares of Linamar in a research report issued to clients and investors on Wednesday, May 8th. Raymond James analyst M. Glen now expects that the company will post earnings per share of $2.21 for the quarter, up from their prior estimate of $2.15. The consensus estimate for Linamar’s current full-year earnings is $10.09 per share.

Linamar (TSE:LNR) last released its earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.75 by C$0.23. Linamar had a net margin of 5.17% and a return on equity of 9.93%. The company had revenue of C$2.45 billion for the quarter, compared to analysts’ expectations of C$2.40 billion.

Other research analysts also recently issued reports about the company. BMO Capital Markets upped their price target on Linamar from C$80.00 to C$90.00 in a research note on Thursday. Scotiabank upped their target price on shares of Linamar from C$85.00 to C$90.00 in a research report on Thursday. TD Securities lifted their price target on shares of Linamar from C$86.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC boosted their price target on shares of Linamar from C$90.00 to C$92.00 in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.60.

Linamar Price Performance

Shares of Linamar stock opened at C$70.25 on Friday. The stock’s 50-day simple moving average is C$68.02 and its 200-day simple moving average is C$64.54. The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.12 and a beta of 1.45. Linamar has a 52 week low of C$56.78 and a 52 week high of C$78.89. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 33.30.

Linamar Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. This is a boost from Linamar’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, March 27th. Linamar’s dividend payout ratio is currently 12.24%.

Insider Activity at Linamar

In other Linamar news, Senior Officer Michael Willard Russell sold 2,022 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$69.18, for a total transaction of C$139,881.96. 35.92% of the stock is owned by insiders.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.