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

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 16th.

Magellan Aerospace Stock Performance

MAL stock opened at C$32.65 on Friday. The firm has a market cap of C$1.86 billion, a PE ratio of 41.33, a P/E/G ratio of -21.36 and a beta of 1.01. The company has a quick ratio of 1.55, a current ratio of 2.51 and a debt-to-equity ratio of 11.46. The business has a 50 day moving average of C$27.48 and a 200-day moving average of C$22.92. Magellan Aerospace has a 12-month low of C$15.05 and a 12-month high of C$34.72.

Magellan Aerospace (TSE:MAL) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.29 EPS 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 during the quarter. As a group, sell-side analysts expect that Magellan Aerospace will post 0.9692308 earnings per share for the current year.

Analysts Set New Price Targets

MAL has been the subject of several research analyst reports. TD Securities raised their target price on Magellan Aerospace from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. TD boosted their price target on shares of Magellan Aerospace from C$30.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, ATB Cormark Capital Markets increased their price target on shares of Magellan Aerospace from C$31.00 to C$46.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.