Martinrea International Inc. (TSE:MRE – Get Rating) – Equities researchers at Pi Financial raised their Q3 2022 EPS estimates for Martinrea International in a research note issued on Tuesday, August 9th. Pi Financial analyst B. Jekic now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.29. The consensus estimate for Martinrea International's current full-year earnings is $2.54 per share. Pi Financial also issued estimates for Martinrea International's Q4 2022 earnings at $0.45 EPS, FY2022 earnings at $1.49 EPS, Q3 2023 earnings at $0.64 EPS and FY2023 earnings at $2.64 EPS.
Get Martinrea International alerts:MRE has been the subject of a number of other reports. Raymond James lifted their price objective on shares of Martinrea International from C$11.00 to C$12.00 and gave the company a "market perform" rating in a report on Tuesday. BMO Capital Markets boosted their target price on shares of Martinrea International from C$9.00 to C$11.00 in a research note on Tuesday. TD Securities raised shares of Martinrea International from a "buy" rating to an "action list buy" rating and set a C$14.00 price target on the stock in a research report on Friday, August 5th. Scotiabank upped their target price on shares of Martinrea International from C$13.00 to C$14.00 in a report on Tuesday. Finally, CIBC upped their target price on shares of Martinrea International from C$9.75 to C$10.50 and gave the stock a "neutral" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$12.83.
Martinrea International Trading Up 4.0 %
MRE opened at C$11.01 on Thursday. Martinrea International has a 1-year low of C$7.43 and a 1-year high of C$12.82. The company has a current ratio of 1.19, a quick ratio of 0.70 and a debt-to-equity ratio of 108.05. The company has a market cap of C$885.06 million and a P/E ratio of 39.32. The company has a fifty day moving average price of C$8.95 and a two-hundred day moving average price of C$9.00.Martinrea International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, September 28th. Martinrea International's payout ratio is 71.43%.
Martinrea International Company Profile
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Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
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