Brokers Issue Forecasts for Linamar Co.’s FY2018 Earnings (LNR)

Linamar Co. (TSE:LNR) – Stock analysts at Cormark dropped their FY2018 earnings per share estimates for Linamar in a research report issued on Thursday, November 8th. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $8.88 for the year, down from their previous forecast of $9.11. Cormark also issued estimates for Linamar’s Q4 2018 earnings at $1.83 EPS, Q1 2019 earnings at $2.48 EPS, Q3 2019 earnings at $2.48 EPS, Q4 2019 earnings at $2.20 EPS, FY2019 earnings at $10.45 EPS, FY2020 earnings at $11.63 EPS, FY2021 earnings at $12.38 EPS and FY2022 earnings at $13.02 EPS.

Linamar (TSE:LNR) last posted its earnings results on Tuesday, August 7th. The company reported C$2.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.82 by C$0.16. The business had revenue of C$2.16 billion for the quarter, compared to analysts’ expectations of C$2.06 billion.

LNR has been the subject of several other reports. TD Securities cut Linamar from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$65.00 to C$64.00 in a research report on Thursday. CIBC reduced their target price on Linamar from C$83.00 to C$70.00 in a research report on Wednesday, August 8th. BMO Capital Markets reduced their target price on Linamar from C$77.00 to C$70.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their target price on Linamar from C$86.00 to C$83.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Linamar has an average rating of “Buy” and an average price target of C$79.60.

Linamar stock opened at C$48.21 on Friday. Linamar has a 52 week low of C$47.60 and a 52 week high of C$77.16. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 73.32.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 22nd. Linamar’s dividend payout ratio (DPR) is currently 5.32%.

In other Linamar news, Director Mark Stoddart sold 5,500 shares of Linamar stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$54.28, for a total transaction of C$298,540.00. Also, Director Linda Hasenfratz purchased 4,300 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of C$57.71 per share, with a total value of C$248,153.00. In the last ninety days, insiders have sold 13,700 shares of company stock valued at $740,708.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the United States, the Asia Pacific, Mexico, and Europe. It operates through two segments, Powertrain/Driveline and Industrial. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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Earnings History and Estimates for Linamar (TSE:LNR)

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