Martinrea International Inc. (TSE:MRE – Free Report) – Stock analysts at Pi Financial decreased their Q3 2023 earnings per share (EPS) estimates for shares of Martinrea International in a report released on Thursday, August 10th. Pi Financial analyst B. Jekic now anticipates that the company will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.55. The consensus estimate for Martinrea International’s current full-year earnings is $2.10 per share. Pi Financial also issued estimates for Martinrea International’s Q4 2023 earnings at $0.57 EPS, FY2023 earnings at $2.19 EPS and FY2024 earnings at $2.87 EPS.
A number of other equities analysts also recently issued reports on MRE. BMO Capital Markets lowered their price target on Martinrea International from C$18.00 to C$17.00 in a research report on Friday, May 5th. Cormark cut their price target on Martinrea International from C$21.00 to C$20.00 in a report on Friday, May 5th.
Martinrea International Price Performance
MRE opened at C$13.38 on Monday. The business has a fifty day moving average of C$13.57 and a 200 day moving average of C$13.45. Martinrea International has a 52-week low of C$8.00 and a 52-week high of C$15.37. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 96.86. The stock has a market cap of C$1.08 billion, a P/E ratio of 6.90, a PEG ratio of 0.82 and a beta of 2.20.
Martinrea International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.49%. Martinrea International’s payout ratio is 10.31%.
Martinrea International Company Profile
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.
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