Martinrea International (TSE:MRE) Announces Earnings Results

Martinrea International (TSE:MRE) issued its quarterly earnings results on Thursday. The company reported C$0.52 EPS for the quarter, FiscalAI reports. Martinrea International had a net margin of 2.60% and a return on equity of 7.89%. The business had revenue of C$1.18 billion for the quarter.

Martinrea International Stock Down 2.2%

Shares of MRE stock traded down C$0.22 on Thursday, reaching C$9.66. 189,139 shares of the company were exchanged, compared to its average volume of 87,860. The company has a market cap of C$675.96 million, a price-to-earnings ratio of 5.65, a PEG ratio of 0.82 and a beta of 1.68. The company has a 50-day moving average of C$9.91 and a 200-day moving average of C$10.11. The company has a debt-to-equity ratio of 71.37, a current ratio of 1.23 and a quick ratio of 0.68. Martinrea International has a one year low of C$8.72 and a one year high of C$11.72.

Analyst Ratings Changes

Separately, TD lowered their price objective on Martinrea International from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$13.50.

About Martinrea International

Martinrea International Inc. is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.