Martinrea International (TSE:MRE) will be issuing its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C$0.46 per share for the quarter.
Martinrea International (TSE:MRE) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.63 by C$0.01. Martinrea International had a return on equity of 13.91% and a net margin of 3.68%. The company had revenue of C$921.71 million for the quarter, compared to the consensus estimate of C$947.75 million.
MRE stock traded down C$0.10 during midday trading on Friday, hitting C$11.60. 62,581 shares of the company’s stock were exchanged, compared to its average volume of 220,134. Martinrea International has a 12-month low of C$10.71 and a 12-month high of C$17.50.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Martinrea International’s previous quarterly dividend of $0.03. This represents a $0.18 annualized dividend and a yield of 1.55%.
In other Martinrea International news, insider Peter Cirulis acquired 2,850 shares of the company’s stock in a transaction on Friday, September 28th. The shares were bought at an average cost of C$10.31 per share, for a total transaction of C$29,383.50.
Several research firms have issued reports on MRE. TD Securities dropped their price objective on Martinrea International from C$18.50 to C$16.00 and set a “buy” rating on the stock in a report on Monday. CIBC lifted their price objective on Martinrea International from C$17.00 to C$20.00 in a report on Thursday, September 13th. Finally, Royal Bank of Canada lifted their price objective on Martinrea International from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, August 10th.
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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