Magellan Aerospace (TSE:MAL) Posts Earnings Results

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

Magellan Aerospace Price Performance

Shares of MAL opened at C$20.48 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 11.35. The firm’s fifty day simple moving average is C$22.12 and its 200-day simple moving average is C$19.16. The firm has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 25.92, a PEG ratio of -21.36 and a beta of 0.64. Magellan Aerospace has a twelve month low of C$11.29 and a twelve month high of C$26.00.

Magellan Aerospace Announces Dividend

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

About Magellan Aerospace

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.