Magellan Aerospace (TSE:MAL) Issues Earnings Results

Magellan Aerospace (TSE:MAL) issued its quarterly earnings results on Thursday. The company reported C$0.22 EPS for the quarter, FiscalAI reports. Magellan Aerospace had a net margin of 2.09% and a return on equity of 2.58%. The company had revenue of C$255.67 million during the quarter.

Magellan Aerospace Stock Up 8.6%

MAL stock traded up C$1.49 during mid-day trading on Friday, reaching C$18.79. The company had a trading volume of 27,816 shares, compared to its average volume of 25,902. The firm has a fifty day simple moving average of C$16.92 and a 200 day simple moving average of C$16.87. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of -21.36 and a beta of -0.29. Magellan Aerospace has a fifty-two week low of C$9.06 and a fifty-two week high of C$19.68.

Magellan Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Magellan Aerospace’s dividend payout ratio (DPR) is currently 18.94%.

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.