What is Cormark’s Forecast for TSE:MRE FY2024 Earnings?

Martinrea International Inc. (TSE:MRE) – Research analysts at Cormark dropped their FY2024 earnings estimates for shares of Martinrea International in a report issued on Wednesday, November 13th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $1.73 for the year, down from their prior forecast of $2.12. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share.

MRE has been the subject of several other research reports. BMO Capital Markets dropped their target price on shares of Martinrea International from C$15.00 to C$13.00 in a report on Thursday. TD Securities dropped their target price on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. Finally, CIBC dropped their target price on shares of Martinrea International from C$17.00 to C$14.50 in a report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Martinrea International has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Stock Up 1.7 %

Shares of TSE MRE opened at C$9.81 on Friday. Martinrea International has a 1 year low of C$9.52 and a 1 year high of C$14.59. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The company has a 50 day simple moving average of C$11.16 and a 200-day simple moving average of C$11.40. The company has a market capitalization of C$733.89 million, a P/E ratio of 5.42, a P/E/G ratio of 0.82 and a beta of 2.08.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.