FY2024 Earnings Forecast for Linamar Issued By Raymond James

Linamar Co. (TSE:LNR) – Equities researchers at Raymond James dropped their FY2024 earnings per share estimates for Linamar in a research report issued to clients and investors on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will earn $9.64 per share for the year, down from their prior estimate of $9.89. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q3 2025 earnings at $2.26 EPS.

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

LNR has been the topic of several other reports. BMO Capital Markets reduced their price objective on Linamar from C$80.00 to C$75.00 in a report on Wednesday. TD Securities cut Linamar from a “buy” rating to a “hold” rating and dropped their target price for the company from C$89.00 to C$68.00 in a research report on Wednesday. Scotiabank cut Linamar from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$86.00 to C$77.00 in a research report on Tuesday, October 29th. Finally, CIBC dropped their target price on Linamar from C$85.00 to C$84.00 in a research report on Thursday.

Linamar Trading Up 1.8 %

Shares of TSE LNR opened at C$60.98 on Friday. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The business’s 50 day moving average price is C$61.68 and its 200-day moving average price is C$64.97. 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 market cap of C$3.76 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 1.12 and a beta of 1.41.

About Linamar

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.