EPS for Linamar Corporation (LNR) Expected At $1.95

October 13, 2017 - By Maria Brooks

 EPS for Linamar Corporation (LNR) Expected At $1.95

Wall Street await Linamar Corporation (TSE:LNR) to release earnings on November, 1. Analysts forecast EPS of $1.95, up exactly $0.09 or 4.84 % from 2014’s $1.86 EPS. The expected T_LNR’s profit could reach $127.43 million giving the stock 10.12 P/E in the case that $1.95 earnings per share is reported. After posting $2.45 EPS for the previous quarter, Linamar Corporation’s analysts now forecast -20.41 % negative EPS growth. The stock increased 2.11% or $1.63 on October 13, reaching $78.96. About 153,566 shares traded or 5.10% up from the average. Linamar Corporation (TSE:LNR) has 0.00% since October 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Linamar Corporation (TSE:LNR) Ratings Coverage

Among 5 analysts covering Linamar Corporation (TSE:LNR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Linamar Corporation had 30 analyst reports since July 29, 2015 according to SRatingsIntel. TD Securities maintained Linamar Corporation (TSE:LNR) on Friday, October 28 with “Hold” rating. The company was downgraded on Tuesday, December 20 by IBC. TD Securities downgraded Linamar Corporation (TSE:LNR) rating on Thursday, August 6. TD Securities has “Buy” rating and $91 target. As per Friday, October 16, the company rating was maintained by RBC Capital Markets. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Outperform”. TD Securities upgraded Linamar Corporation (TSE:LNR) on Friday, December 2 to “Buy” rating. On Tuesday, September 15 the stock rating was upgraded by Canaccord Genuity to “Buy”. The firm has “Outperform” rating by Scotia Capital given on Wednesday, December 7. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, March 9. Scotia Capital maintained it with “Outperform” rating and $80 target in Friday, August 12 report.

Linamar Corporation is a Canada-based diversified manufacturing firm of engineered products powering vehicles, motion, work and lives. The company has market cap of $5.16 billion. The Firm operates through two divisions: the Powertrain/Driveline and the Industrial. It has a 9.78 P/E ratio. The divisions are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.

More notable recent Linamar Corporation (TSE:LNR) news were published by: Seekingalpha.com which released: “Linamar: Runaway Powertrain Priced At Recession Levels” on February 28, 2017, also Seekingalpha.com with their article: “Linamar: Dream Fundamental Stock” published on June 21, 2016, Seekingalpha.com published: “Linamar: Positioned For The Road Ahead” on December 01, 2016. More interesting news about Linamar Corporation (TSE:LNR) were released by: Fool.ca and their article: “Why Linamar Corporation Is an Attractive Buy” published on December 05, 2016 as well as Fool.ca‘s news article titled: “Can Linamar Corporation Sustain its Rally into 2017?” with publication date: December 09, 2016.

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