Magellan Aerospace (TSE:MAL) Issues Quarterly Earnings Results

Magellan Aerospace (TSE:MAL) posted its quarterly earnings results on Friday. The company reported C$0.18 earnings per share (EPS) for the quarter, reports. The firm had revenue of C$278.33 million for the quarter. Magellan Aerospace had a net margin of 4.44% and a return on equity of 5.52%.

Magellan Aerospace Trading Down 1.1%

MAL stock traded down C$0.22 during mid-day trading on Friday, reaching C$20.48. 47,105 shares of the stock traded hands, compared to its average volume of 35,879. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 11.35. Magellan Aerospace has a 52-week low of C$11.29 and a 52-week high of C$26.00. The company has a market cap of C$1.17 billion, a P/E ratio of 25.92, a P/E/G ratio of -21.36 and a beta of 0.64. The stock’s fifty day moving average is C$22.17 and its 200-day moving average is C$19.12.

Magellan Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, March 17th. Magellan Aerospace’s payout ratio is presently 18.99%.

Magellan Aerospace Company Profile

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount.