Gabelli Analysts Reduce Earnings Estimates for Linamar Co. (LNR)

Linamar Co. (TSE:LNR) – Equities research analysts at Gabelli lowered their FY2018 EPS estimates for Linamar in a research note issued to investors on Thursday, November 8th. Gabelli analyst M. Paige now forecasts that the company will post earnings per share of $9.40 for the year, down from their previous forecast of $9.95. Gabelli also issued estimates for Linamar’s FY2019 earnings at $10.50 EPS, FY2020 earnings at $11.05 EPS, FY2021 earnings at $11.85 EPS and FY2022 earnings at $12.55 EPS.

A number of other research firms have also recently issued reports on LNR. CIBC raised Linamar from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$70.00 to C$82.00 in a research report on Thursday, September 13th. TD Securities raised Linamar from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$80.00 to C$73.00 in a research report on Friday, July 27th. Royal Bank of Canada reduced their price target on Linamar from C$86.00 to C$83.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 8th. Finally, BMO Capital Markets reduced their price target on Linamar from C$77.00 to C$70.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$79.60.

LNR opened at C$49.79 on Friday. Linamar has a 1 year low of C$49.30 and a 1 year high of C$77.16. The company has a debt-to-equity ratio of 73.32, a current ratio of 1.92 and a quick ratio of 1.29.

Linamar (TSE:LNR) last released its quarterly earnings data on Tuesday, August 7th. The company reported C$2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.82 by C$0.16. The firm had revenue of C$2.16 billion for the quarter, compared to analyst estimates of C$2.06 billion.

In other news, Director Mark Stoddart sold 5,500 shares of Linamar stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$54.28, for a total value of C$298,540.00. Also, Director Linda Hasenfratz acquired 4,300 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average price of C$57.71 per share, for a total transaction of C$248,153.00. Insiders sold 13,700 shares of company stock valued at $740,708 in the last ninety days.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the 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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Earnings History and Estimates for Linamar (TSE:LNR)

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