Magellan Aerospace (TSE:MAL) Issues Earnings Results

Magellan Aerospace (TSE:MAL) announced its quarterly earnings data on Thursday. The company reported C$0.22 earnings per share for the quarter, FiscalAI reports. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. The company had revenue of C$255.67 million during the quarter.

Magellan Aerospace Trading Up 6.6%

Magellan Aerospace stock opened at C$18.45 on Friday. Magellan Aerospace has a one year low of C$9.06 and a one year high of C$19.68. The business’s fifty day moving average is C$16.96 and its 200 day moving average is C$16.90. The stock has a market capitalization of C$1.05 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of -21.36 and a beta of -0.29. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55.

Magellan Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Magellan Aerospace’s dividend payout ratio is presently 18.94%.

About Magellan Aerospace

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services.