Magellan Aerospace (MALJF) Expected to Post Earnings on Wednesday

Magellan Aerospace (OTCMKTS:MALJF) is projected to release its resultson Wednesday, August 12th. Analysts expect Magellan Aerospace to post earnings of $0.2429 per share and revenue of $203.84 million for the quarter.

Magellan Aerospace Trading Up 9.4%

Magellan Aerospace stock opened at $26.88 on Wednesday. Magellan Aerospace has a 1-year low of $10.85 and a 1-year high of $27.05. The firm has a 50-day moving average of $23.60 and a 200-day moving average of $19.45.

Analyst Ratings Changes

Separately, TD Securities reiterated a “buy” rating on shares of Magellan Aerospace in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Magellan Aerospace has a consensus rating of “Buy”.

About Magellan Aerospace

Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.

In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.