Linamar (LIMAF) to Post Quarterly Earnings on Wednesday

Linamar (OTCMKTS:LIMAF) is projected to release its results after the market closes on Wednesday, August 12th. Analysts expect the company to post earnings of $2.20 per share and revenue of $2.1357 billion for the quarter.

Linamar Trading Up 0.5%

OTCMKTS LIMAF opened at $74.88 on Wednesday. Linamar has a 52-week low of $49.26 and a 52-week high of $76.53. The firm’s 50 day moving average price is $72.84 and its 200-day moving average price is $67.74.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Linamar in a research note on Tuesday, July 14th. TD Securities reaffirmed a “buy” rating on shares of Linamar in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, Scotiabank reissued a “sector perform” rating on shares of Linamar in a report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Linamar

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.