Magellan Aerospace Co. (MAL) to Issue Quarterly Dividend of $0.05 on September 29th

Magellan Aerospace Co. (TSE:MAL) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.05 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th.

Magellan Aerospace Trading Up 1.8%

Shares of MAL traded up C$0.58 during trading hours on Friday, hitting C$32.62. 30,116 shares of the stock traded hands, compared to its average volume of 55,858. The company has a current ratio of 2.52, a quick ratio of 1.55 and a debt-to-equity ratio of 11.18. Magellan Aerospace has a 1-year low of C$15.79 and a 1-year high of C$45.70. The firm has a market capitalization of C$1.86 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of -21.36 and a beta of 0.89. The business has a fifty day moving average of C$35.01 and a 200-day moving average of C$29.70.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$305.58 million for the quarter. Magellan Aerospace had a return on equity of 7.11% and a net margin of 5.30%. Analysts expect that Magellan Aerospace will post 0.9692308 EPS for the current year.

Analysts Set New Price Targets

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

Magellan Aerospace Company Profile

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.