Martinrea International Inc. (TSE:MRE) Declares $0.05 Quarterly Dividend

Martinrea International Inc. (TSE:MRE) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.05 per share on Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, September 30th.

Martinrea International Stock Down 0.8 %

TSE MRE opened at C$11.57 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. Martinrea International has a 12 month low of C$10.05 and a 12 month high of C$14.59. The stock’s 50 day moving average is C$11.17 and its 200 day moving average is C$11.52. The stock has a market cap of C$865.55 million, a PE ratio of 6.39, a P/E/G ratio of 0.82 and a beta of 2.09.

Martinrea International (TSE:MRE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.03). Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. The company had revenue of C$1.30 billion during the quarter, compared to the consensus estimate of C$1.33 billion. Research analysts predict that Martinrea International will post 2.5511983 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their target price on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.79.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.