Magellan Aerospace Co. (TSE:MAL – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.76 and traded as high as C$10.20. Magellan Aerospace shares last traded at C$10.05, with a volume of 4,145 shares trading hands.
Wall Street Analyst Weigh In
Separately, TD Securities lifted their target price on Magellan Aerospace from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.
Read Our Latest Research Report on MAL
Magellan Aerospace Stock Performance
Magellan Aerospace (TSE:MAL – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.10 earnings per share for the quarter. Magellan Aerospace had a return on equity of 2.30% and a net margin of 1.88%. Equities analysts forecast that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current fiscal year.
Magellan Aerospace Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, December 17th. Magellan Aerospace’s dividend payout ratio (DPR) is currently 33.33%.
Magellan Aerospace Company Profile
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.
See Also
- Five stocks we like better than Magellan Aerospace
- NYSE Stocks Give Investors a Variety of Quality Options
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- How to Most Effectively Use the MarketBeat Earnings Screener
- 3 Buy-and-Hold Stocks for Long-Term Growth
- 3 Best Fintech Stocks for a Portfolio Boost
- Despite Short-Term Risks Freeport McMoran Worth a Look
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.