Magellan Aerospace Co. (TSE:MAL) to Issue $0.05 Quarterly Dividend

Magellan Aerospace Co. (TSE:MAL – Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be given a dividend of 0.05 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Magellan Aerospace Price Performance

MAL traded up C$0.58 on Friday, reaching C$32.62. The company had a trading volume of 30,116 shares, compared to its average volume of 55,858. The business has a 50 day simple moving average of C$35.01 and a 200 day simple moving average of C$29.70. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of -21.36 and a beta of 0.89. The company has a debt-to-equity ratio of 11.18, a quick ratio of 1.55 and a current ratio of 2.52. Magellan Aerospace has a 52-week low of C$15.79 and a 52-week high of C$45.70.

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Magellan Aerospace (TSE:MAL – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$305.58 million during the quarter. Magellan Aerospace had a net margin of 5.30% and a return on equity of 7.11%. As a group, sell-side analysts anticipate that Magellan Aerospace will post 0.9692308 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. ATB Cormark Capital Markets upped their target price on shares of Magellan Aerospace from C$31.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. TD raised their price target on Magellan Aerospace from C$37.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Magellan Aerospace has an average rating of “Buy” and a consensus price target of C$38.67.

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Magellan Aerospace Company Profile

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Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India.

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