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

Magellan Aerospace Co. (TSE:MAL) 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 MAL opened at C$32.65 on Friday. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of -21.36 and a beta of 1.01. Magellan Aerospace has a fifty-two week low of C$15.05 and a fifty-two week high of C$34.72. The company has a debt-to-equity ratio of 11.46, a current ratio of 2.51 and a quick ratio of 1.55. The business’s 50-day moving average is C$27.48 and its 200-day moving average is C$22.92.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. ATB Cormark Capital Markets boosted their price target 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. TD boosted their price target 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. Finally, TD Securities boosted their price target 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$36.00.

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.