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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Linamar Corporation    LNR   CA53278L1076

LINAMAR CORPORATION

(LNR)
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Delayed Quote. Delayed Toronto Stock Exchange - 01/18 04:00:00 pm
72.65 CAD   +0.08%
01/14MT NEWSWIRES STOCK TO WATCH : Linamar
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01/13LINAMAR BRIEF : Provides Commentary on External Market Conditions
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01/13LINAMAR CORPORATION : Provides Commentary on External Market Conditions
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Linamar : sees second-quarter sales fall by more than 50 per cent amid COVID-19

08/06/2020 | 06:41pm EST

GUELPH, Ont.Linamar Corp. saw its latest quarterly sales slashed by more than half amid the COVID-19 pandemic.

The company based in Guelph, Ont., says sales for the three months ended June 30 totalled $923.6 million — down from roughly $2.086 billion in the same time the previous year.

It says second-quarter sales in its industrial segment fell 56.7 per cent and in its transportation segment 55.3 per cent partly due to adverse conditions associated with the pandemic.

The manufacturer says it recorded a net loss of $37.9 million or 58 cents per diluted share, compared to a net profit of $150.2 million or $2.28 per share in the same quarter of 2019.

Linamar says its normalized net loss totalled $22 million or 34 cents per share for the quarter, down from a net profit of $158.3 million or $2.40 a share.

Analysts expected a net loss of $72.45 million or $1.34 per share, and a normalized net loss of $23 million or 80 cents per share, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published Aug. 6, 2020.

Companies in this story: (TSX:LNR)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 5 727 M 4 496 M 4 496 M
Net income 2020 257 M 202 M 202 M
Net Debt 2020 994 M 781 M 781 M
P/E ratio 2020 18,4x
Yield 2020 0,41%
Capitalization 4 755 M 3 726 M 3 732 M
EV / Sales 2020 1,00x
EV / Sales 2021 0,83x
Nbr of Employees 26 000
Free-Float 68,7%
Chart LINAMAR CORPORATION
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Linamar Corporation Technical Analysis Chart | LNR | CA53278L1076 | MarketScreener
Technical analysis trends LINAMAR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 75,50 CAD
Last Close Price 72,65 CAD
Spread / Highest target 12,9%
Spread / Average Target 3,92%
Spread / Lowest Target -10,5%
EPS Revisions
Managers and Directors
NameTitle
Linda S. Hasenfratz Chief Executive Officer & Director
James Jarrell President & Chief Operating Officer
Frank J. Hasenfratz Chairman
Dale Schneider Chief Financial Officer
Mark Stoddart Non-Independent Director, CTO & EVP-Sales
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