Cormark Comments on Linamar’s FY2019 Earnings (LNR)
Linamar (TSE:LNR) – Stock analysts at Cormark decreased their FY2019 earnings per share estimates for shares of Linamar in a research note issued to investors on Wednesday, April 25th. Cormark analyst D. Tyerman now expects that the company will post earnings per share of $11.01 for the year, down from their prior forecast of $11.18. Cormark also issued estimates for Linamar’s FY2020 earnings at $11.97 EPS, FY2021 earnings at $12.74 EPS and FY2022 earnings at $13.40 EPS.
Linamar (TSE:LNR) last posted its quarterly earnings data on Wednesday, March 7th. The company reported C$1.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.82 by C($0.01). The company had revenue of C$1.57 billion for the quarter, compared to analysts’ expectations of C$1.55 billion. Linamar had a net margin of 6.92% and a return on equity of 14.62%.
Linamar stock opened at C$72.36 on Friday. Linamar has a fifty-two week low of C$57.85 and a fifty-two week high of C$80.58.
In related news, Director William Harrison sold 600 shares of Linamar stock in a transaction on Thursday, March 15th. The shares were sold at an average price of C$73.18, for a total value of C$43,908.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Investors of record on Tuesday, April 3rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, April 2nd.
Linamar Company Profile
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.
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