Linamar Co. (TSE:LNR) – Cormark reduced their Q1 2018 earnings per share (EPS) estimates for shares of Linamar in a research note issued on Thursday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $2.45 per share for the quarter, down from their previous estimate of $2.59. Cormark also issued estimates for Linamar’s Q2 2018 earnings at $2.92 EPS, Q3 2018 earnings at $2.27 EPS, Q4 2018 earnings at $2.23 EPS, FY2018 earnings at $9.86 EPS, Q1 2019 earnings at $2.84 EPS, Q2 2019 earnings at $3.22 EPS, Q3 2019 earnings at $2.55 EPS, Q4 2019 earnings at $2.57 EPS, FY2019 earnings at $11.18 EPS, FY2020 earnings at $12.05 EPS, FY2021 earnings at $12.80 EPS and FY2022 earnings at $13.46 EPS.
A number of other analysts have also recently weighed in on LNR. BMO Capital Markets dropped their price objective on shares of Linamar from C$74.00 to C$70.00 and set a “market perform” rating on the stock in a report on Friday. Royal Bank of Canada increased their price objective on shares of Linamar from C$82.00 to C$84.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank increased their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the stock an “outperform” rating in a report on Friday. Finally, CIBC increased their price objective on shares of Linamar from C$81.00 to C$85.00 in a report on Thursday.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, April 2nd. This represents a $0.48 annualized dividend and a yield of 0.65%. Linamar’s payout ratio is 5.67%.
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Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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