FY2027 Earnings Estimate for Linamar Issued By Scotiabank

Linamar Co. (TSE:LNR) – Research analysts at Scotiabank issued their FY2027 earnings per share (EPS) estimates for shares of Linamar in a research report issued to clients and investors on Thursday, March 5th. Scotiabank analyst J. Goldman forecasts that the company will post earnings of $13.51 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $98.00 price target on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share for the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%. The company had revenue of C$2.52 billion during the quarter.

A number of other analysts have also recently issued reports on the company. Raymond James Financial increased their price objective on Linamar from C$85.00 to C$100.00 in a report on Thursday. TD Securities boosted their price target on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Linamar presently has a consensus rating of “Moderate Buy” and an average price target of C$98.20.

Linamar Price Performance

Shares of TSE LNR opened at C$95.20 on Friday. The firm has a market capitalization of C$5.69 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.12 and a beta of 1.72. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. Linamar has a 1-year low of C$43.84 and a 1-year high of C$98.65. The firm’s 50-day moving average price is C$89.07 and its 200-day moving average price is C$80.92.

Insider Activity

In other news, insider Alexander Drolc sold 427 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. Insiders own 33.49% of the company’s stock.

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.