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

Martinrea International Inc. (TSE:MRE - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Sunday, June 30th will be given a dividend of 0.05 per share on Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 28th.

Martinrea International Trading Up 5.2 %

TSE MRE traded up C$0.59 during mid-day trading on Friday, reaching C$11.94. 447,733 shares of the stock were exchanged, compared to its average volume of 210,652. The stock has a market cap of C$932.99 million, a P/E ratio of 6.19, a P/E/G ratio of 0.82 and a beta of 2.29. The company has a debt-to-equity ratio of 83.83, a current ratio of 1.16 and a quick ratio of 0.68. Martinrea International has a one year low of C$10.75 and a one year high of C$15.16. The stock has a 50 day simple moving average of C$11.79 and a 200-day simple moving average of C$12.68.

Martinrea International (TSE:MRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts' consensus estimates of C$0.42 by C($0.05). The business had revenue of C$1.30 billion for the quarter, compared to analyst estimates of C$1.19 billion. Martinrea International had a return on equity of 10.81% and a net margin of 2.88%. On average, analysts anticipate that Martinrea International will post 2.2301741 EPS for the current year.

Insiders Place Their Bets

In other Martinrea International news, Senior Officer Alfred Di Tosto acquired 3,620 shares of Martinrea International stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of C$11.77 per share, for a total transaction of C$42,607.40. In related news, Director Frank Patrick D'eramo purchased 22,200 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of C$8.88 per share, for a total transaction of C$197,047.20. Also, Senior Officer Alfred Di Tosto purchased 3,620 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of C$11.77 per share, with a total value of C$42,607.40. Over the last 90 days, insiders have acquired 38,353 shares of company stock worth $348,645. Insiders own 15.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank dropped their price target on Martinrea International from C$15.00 to C$14.50 in a research note on Friday. TD Securities lowered shares of Martinrea International from an "action list buy" rating to a "buy" rating and cut their target price for the stock from C$21.00 to C$19.00 in a research note on Friday, March 1st. Raymond James decreased their price target on shares of Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating for the company in a research note on Friday, March 1st. Finally, CIBC cut their price objective on shares of Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.14.

Martinrea International Company Profile

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.