MDA Space (NYSE:MDA) Issues Quarterly Earnings Results

MDA Space (NYSE:MDA) announced its quarterly earnings results on Friday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02, Zacks reports. MDA Space had a net margin of 6.04% and a return on equity of 8.72%.

MDA Space Stock Up 1.1%

MDA stock traded up $0.39 during trading on Friday, hitting $34.65. The company had a trading volume of 1,804,061 shares, compared to its average volume of 1,250,446. The company has a 50-day simple moving average of $36.00. MDA Space has a 12 month low of $23.23 and a 12 month high of $49.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.80. The company has a market cap of $5.62 billion and a PE ratio of 123.75.

Analysts Set New Price Targets

A number of research analysts have recently commented on MDA shares. Weiss Ratings upgraded MDA Space from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of MDA Space to a “strong-buy” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada boosted their target price on shares of MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of MDA Space in a research note on Monday, June 22nd. Finally, Zacks Research raised shares of MDA Space from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.