Martinrea International Inc. (TSE:MRE – Get Rating) – Equities researchers at Cormark issued their Q3 2022 earnings per share estimates for Martinrea International in a report issued on Tuesday, August 9th. Cormark analyst D. Ocampo anticipates that the company will post earnings of $0.46 per share for the quarter. The consensus estimate for Martinrea International's current full-year earnings is $2.54 per share. Cormark also issued estimates for Martinrea International's Q4 2022 earnings at $0.63 EPS, FY2022 earnings at $1.72 EPS, Q1 2023 earnings at $0.86 EPS, Q2 2023 earnings at $0.89 EPS, Q3 2023 earnings at $0.63 EPS, Q4 2023 earnings at $0.70 EPS and FY2023 earnings at $3.07 EPS.
Get Martinrea International alerts:A number of other brokerages have also weighed in on MRE. TD Securities raised Martinrea International from a "buy" rating to an "action list buy" rating and set a C$14.00 price objective on the stock in a report on Friday, August 5th. CIBC upped their price objective on Martinrea International from C$9.75 to C$10.50 and gave the stock a "neutral" rating in a report on Tuesday. BMO Capital Markets upped their price objective on Martinrea International from C$9.00 to C$11.00 in a report on Tuesday. Raymond James upped their price objective on Martinrea International from C$11.00 to C$12.00 and gave the stock a "market perform" rating in a report on Tuesday. Finally, Scotiabank boosted their target price on Martinrea International from C$13.00 to C$14.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.83.
Martinrea International Trading Up 4.0 %
Shares of MRE stock opened at C$11.01 on Thursday. The business's fifty day moving average price is C$8.95 and its 200 day moving average price is C$9.00. Martinrea International has a 1-year low of C$7.43 and a 1-year high of C$12.82. The firm has a market capitalization of C$885.06 million and a PE ratio of 39.32. The company has a debt-to-equity ratio of 108.05, a current ratio of 1.19 and a quick ratio of 0.70.Martinrea International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.82%. Martinrea International's payout ratio is 71.43%.
Martinrea International Company Profile
(Get Rating)
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.
Recommended Stories
- Look at Honeywell for a Steady and Diversified Stock
- Why Invest in High-Yield Dividend Stocks?
- Find and Profitably Trade Stocks at 52-Week Lows
- Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
- Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Receive News & Ratings for Martinrea International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International and related companies with MarketBeat.com's FREE daily email newsletter.