Scotiabank Issues Pessimistic Estimate for Linamar Earnings

Linamar Co. (TSE:LNR) – Equities researchers at Scotiabank decreased their FY2027 earnings per share estimates for shares of Linamar in a report released on Thursday, July 23rd. Scotiabank analyst J. Goldman now expects that the company will earn $13.57 per share for the year, down from their previous forecast of $14.01. Scotiabank currently has a “Sector Perform” rating and a $102.00 target price on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

Several other analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Linamar from C$110.00 to C$115.00 in a research report on Tuesday, July 14th. Raymond James Financial upped their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. TD raised their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Scotia lifted their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$104.14.

Linamar Stock Performance

TSE:LNR opened at C$105.03 on Monday. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The company has a fifty day moving average of C$101.52 and a two-hundred day moving average of C$93.27. The stock has a market capitalization of C$6.22 billion, a PE ratio of 10.00, a P/E/G ratio of 1.12 and a beta of 1.72. Linamar has a fifty-two week low of C$65.60 and a fifty-two week high of C$107.12.

Linamar (TSE:LNR) last released its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. The firm had revenue of C$2.94 billion for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%.

Insider Transactions at Linamar

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the sale, the insider directly owned 71,543 shares of the company’s stock, valued at C$6,973,296.21. This trade represents a 4.02% decrease in their position. 33.49% of the stock is currently owned by insiders.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.