Magellan Aerospace Co. (MAL) to Issue Quarterly Dividend of $0.05 on June 30th

by · The Markets Daily

Magellan Aerospace Co. (TSE:MAL – Get Free Report) declared a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 16th.

Magellan Aerospace Price Performance

Shares of TSE:MAL opened at C$32.65 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.51 and a debt-to-equity ratio of 11.46. Magellan Aerospace has a twelve month low of C$15.05 and a twelve month high of C$34.72. The stock’s 50 day moving average is C$27.48 and its 200-day moving average is C$22.92. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 41.33, a PEG ratio of -21.36 and a beta of 1.01.

Magellan Aerospace (TSE:MAL – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported C$0.29 earnings per share for the quarter. Magellan Aerospace had a return on equity of 5.48% and a net margin of 4.22%.The company had revenue of C$285.10 million for the quarter. Sell-side analysts forecast that Magellan Aerospace will post 0.9692308 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD upped their price objective on Magellan Aerospace from C$30.00 to C$37.00 and gave the company a “buy” rating in a research note on Monday, June 8th. TD Securities upped their price objective on Magellan Aerospace from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, ATB Cormark Capital Markets upped their price objective on Magellan Aerospace from C$31.00 to C$46.00 and gave the company 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.com, the company has an average rating of “Buy” and a consensus target price of C$36.00.

Get Our Latest Report on MAL

About Magellan Aerospace

(Get Free Report)

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.

Featured Stories