Magellan Aerospace Co. (TSE:MAL – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$10.73 and last traded at C$10.73, with a volume of 10876 shares. The stock had previously closed at C$10.50.
Analyst Ratings Changes
Separately, TD Securities boosted their target price on shares of Magellan Aerospace from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.
View Our Latest Stock Report on Magellan Aerospace
Magellan Aerospace Stock Down 0.4 %
Magellan Aerospace (TSE:MAL – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.13 EPS for the quarter. Magellan Aerospace had a net margin of 1.88% and a return on equity of 2.30%. The firm had revenue of C$242.91 million during the quarter. Sell-side analysts forecast that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current fiscal year.
Magellan Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, September 16th. Magellan Aerospace’s dividend payout ratio is presently 33.33%.
About Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.
Recommended Stories
- Five stocks we like better than Magellan Aerospace
- 3 Stocks to Consider Buying in October
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- AMD Gains Momentum With AI: Can It Beat Expectations?
- Technology Stocks Explained: Here’s What to Know About Tech
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Magellan Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.