Magellan Aerospace Co. (TSE:MAL) Plans Quarterly Dividend of $0.03

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.025 per share on Friday, June 28th. This represents a $0.10 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, June 14th.

Magellan Aerospace Trading Down 0.3 %

Shares of MAL stock traded down C$0.02 during trading hours on Thursday, reaching C$7.90. The company’s stock had a trading volume of 11,300 shares, compared to its average volume of 8,314. The stock has a market capitalization of C$451.72 million, a P/E ratio of 49.38, a P/E/G ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a one year low of C$7.02 and a one year high of C$8.67. The firm’s fifty day simple moving average is C$8.07 and its 200 day simple moving average is C$7.81. The company has a current ratio of 2.82, a quick ratio of 1.55 and a debt-to-equity ratio of 9.96.

Magellan Aerospace (TSE:MAL) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.07). The business had revenue of C$223.58 million during the quarter, compared to the consensus estimate of C$213.90 million. Magellan Aerospace had a return on equity of 1.26% and a net margin of 1.05%. Equities research analysts expect that Magellan Aerospace will post 0.7047279 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price target on Magellan Aerospace from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

Magellan Aerospace Company Profile

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.