Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Bruce Norman Johnson acquired 1,200 shares of Martinrea International stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of C$11.95 per share, with a total value of C$14,340.00.
Martinrea International Stock Up 1.3 %
MRE stock opened at C$11.85 on Wednesday. The firm has a market cap of C$909.37 million, a PE ratio of 6.27, a PEG ratio of 0.82 and a beta of 2.23. Martinrea International Inc. has a one year low of C$10.75 and a one year high of C$15.16. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. The firm's 50 day moving average price is C$11.70 and its 200-day moving average price is C$12.69.
Martinrea International (TSE:MRE - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts' consensus estimates of C$0.42 by C($0.05). The business had revenue of C$1.30 billion for the quarter, compared to analysts' expectations of C$1.19 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. On average, equities research analysts anticipate that Martinrea International Inc. will post 2.2317757 EPS for the current year.
Martinrea International Dividend Announcement
[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks
From Crypto 101 Media | Ad
Are you monitoring 13,217 cryptocurrencies everyday?
If not, you could miss the ONE that can make you wealthy beyond your wildest dreams.
You see, while Bitcoin and Ethereum steal all the headlines… It’s often the cryptos flying under the radar that turn small stakes into life-changing windfalls.
Claim your free seat by clicking here now.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.69%. Martinrea International's dividend payout ratio (DPR) is presently 10.58%.
Wall Street Analyst Weigh In
Several research firms have commented on MRE. Raymond James cut their price objective on Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating for the company in a research note on Friday, March 1st. Scotiabank dropped their price objective on shares of Martinrea International from C$15.00 to C$14.50 in a research note on Friday, May 3rd. CIBC decreased their target price on shares of Martinrea International from C$18.00 to C$17.50 and set an "outperform" rating on the stock in a research note on Monday. Finally, TD Securities lowered Martinrea International from an "action list buy" rating to a "buy" rating and dropped their price target for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$18.25.
Read Our Latest Stock Report on MRE
Martinrea International Company Profile
(
Get Free Report)
Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
