Raymond James Has Bearish Estimate for Linamar Q4 Earnings

Linamar Co. (TSE:LNR) – Raymond James cut their Q4 2024 earnings per share (EPS) estimates for shares of Linamar in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will post earnings per share of $1.64 for the quarter, down from their previous estimate of $2.09. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.20 EPS, Q4 2025 earnings at $1.96 EPS and FY2025 earnings at $8.47 EPS.

Linamar (TSE:LNR) last announced its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The company had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion.

Other equities analysts have also issued reports about the company. BMO Capital Markets decreased their target price on Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th. CIBC reduced their target price on shares of Linamar from C$85.00 to C$84.00 in a report on Thursday, November 14th. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and decreased their target price for the company from C$89.00 to C$68.00 in a research note on Wednesday, November 13th. Finally, Scotiabank downgraded Linamar from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th.

Linamar Trading Down 1.0 %

Shares of TSE LNR opened at C$60.61 on Monday. Linamar has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. The firm has a market capitalization of C$3.73 billion, a P/E ratio of 6.18, a P/E/G ratio of 1.12 and a beta of 1.41. The company’s 50 day simple moving average is C$61.64 and its 200 day simple moving average is C$64.89.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.