Q2 2020 EPS Estimates for Martinrea International Inc (TSE:MRE) Reduced by Analyst

Martinrea International Inc (TSE:MRE) – Equities researchers at Raymond James lowered their Q2 2020 earnings per share estimates for shares of Martinrea International in a research report issued on Thursday, June 25th. Raymond James analyst M. Glen now expects that the company will post earnings per share of ($0.82) for the quarter, down from their previous estimate of ($0.45). Raymond James currently has a “Outperform” rating and a $16.00 target price on the stock. Raymond James also issued estimates for Martinrea International’s Q3 2020 earnings at $0.07 EPS and FY2020 earnings at ($0.25) EPS.

MRE has been the subject of a number of other research reports. CIBC decreased their target price on Martinrea International from C$13.50 to C$13.00 in a report on Tuesday, April 21st. BMO Capital Markets decreased their target price on Martinrea International from C$11.50 to C$11.00 in a report on Friday, June 26th. TD Securities boosted their target price on Martinrea International from C$9.00 to C$14.00 and gave the stock a “hold” rating in a report on Tuesday, June 9th. Royal Bank of Canada decreased their target price on Martinrea International from C$16.00 to C$15.00 in a report on Tuesday, April 28th. Finally, Scotiabank decreased their target price on Martinrea International from C$15.00 to C$14.00 in a report on Thursday, April 23rd.

Shares of TSE:MRE opened at C$10.28 on Monday. The company has a debt-to-equity ratio of 81.64, a quick ratio of 0.82 and a current ratio of 1.39. Martinrea International has a 1 year low of C$5.64 and a 1 year high of C$14.75. The stock has a market capitalization of $869.25 million and a P/E ratio of 5.44. The stock has a 50-day simple moving average of C$9.84 and a 200-day simple moving average of C$10.78.

In related news, Senior Officer Robert Fairchild purchased 3,600 shares of Martinrea International stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of C$10.82 per share, with a total value of C$38,959.20. Following the transaction, the insider now owns 32,550 shares of the company’s stock, valued at approximately C$352,256.10.

The business also recently declared a quarterly dividend, which will be paid on Saturday, July 25th. Investors of record on Wednesday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, July 14th. Martinrea International’s dividend payout ratio (DPR) is presently 9.78%.

Martinrea International Company Profile

Martinrea International Inc designs, engineers, 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. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

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Earnings History and Estimates for Martinrea International (TSE:MRE)

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