Magellan Aerospace (MALJF) Projected to Post Quarterly Earnings on Wednesday

Magellan Aerospace (OTCMKTS:MALJF) is expected to post its results before the market opens on Wednesday, March 18th. Analysts expect Magellan Aerospace to post earnings of $0.2075 per share and revenue of $192.0950 million for the quarter.

Magellan Aerospace Stock Performance

Shares of MALJF stock opened at $16.68 on Monday. Magellan Aerospace has a fifty-two week low of $7.16 and a fifty-two week high of $18.44. The company has a 50 day moving average price of $15.97 and a 200 day moving average price of $13.59.

Analyst Upgrades and Downgrades

Separately, TD Securities reissued a “buy” rating on shares of Magellan Aerospace in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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.