Q2 2018 EPS Estimates for Linamar (LNR) Decreased by Cormark

Linamar (TSE:LNR) – Investment analysts at Cormark decreased their Q2 2018 earnings estimates for shares of Linamar in a research note issued to investors on Wednesday, May 16th. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $2.82 for the quarter, down from their previous forecast of $2.92. Cormark also issued estimates for Linamar’s Q3 2018 earnings at $2.14 EPS, Q4 2018 earnings at $2.10 EPS, FY2018 earnings at $9.43 EPS, Q1 2019 earnings at $2.65 EPS, Q2 2019 earnings at $3.09 EPS, Q3 2019 earnings at $2.39 EPS, Q4 2019 earnings at $2.42 EPS, FY2019 earnings at $10.55 EPS, FY2020 earnings at $11.61 EPS, FY2021 earnings at $12.36 EPS and FY2022 earnings at $12.99 EPS.

Several other research firms have also commented on LNR. Scotiabank boosted their price target on Linamar from C$96.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Friday, March 9th. BMO Capital Markets cut their target price on Linamar from C$74.00 to C$70.00 and set a “market perform” rating on the stock in a research report on Friday, March 9th. Gabelli reaffirmed a “buy” rating on shares of Linamar in a research report on Thursday, March 8th. Royal Bank of Canada upped their target price on Linamar from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. Finally, CIBC upped their target price on Linamar from C$81.00 to C$85.00 in a research report on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Linamar has a consensus rating of “Hold” and an average price target of C$85.00.

Linamar stock opened at C$69.77 on Thursday. Linamar has a one year low of C$60.50 and a one year high of C$80.58.

Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, March 7th. The company reported C$1.81 EPS for the quarter, missing the consensus estimate of C$1.82 by C($0.01). The company had revenue of C$1.57 billion for the quarter, compared to analyst estimates of C$1.55 billion. Linamar had a return on equity of 14.62% and a net margin of 6.92%.

In other Linamar news, Director William Harrison sold 600 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of C$73.18, for a total value of C$43,908.00.

About Linamar

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, 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.

Earnings History and Estimates for Linamar (TSE:LNR)

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