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TSE:MAL

Magellan Aerospace (MAL) Stock Price, News & Analysis

C$8.20
+0.10 (+1.23%)
(As of 05/28/2024 ET)
Today's Range
C$8.04
C$8.25
50-Day Range
C$7.84
C$8.33
52-Week Range
C$7.02
C$8.67
Volume
3,893 shs
Average Volume
8,452 shs
Market Capitalization
C$468.71 million
P/E Ratio
41.00
Dividend Yield
1.22%
Price Target
C$16.00

Magellan Aerospace MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
95.1% Upside
C$16.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Magellan Aerospace in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.10 out of 5 stars

MAL stock logo

About Magellan Aerospace Stock (TSE:MAL)

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. It also designs, engineers, and manufactures assemblies and components, such as stage rocket motors, solid propellant rocket motors, and rocket weapon systems; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. In addition, the company offers maintenance, repair, and overhaul for various engine and components MRO, as well as lifecycle management services to logistics, fleet management, and engineering services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

MAL Stock Price History

MAL Stock News Headlines

Magellan Aerospace declares CAD 0.025 dividend
MAL:CA Magellan Aerospace Corporation
Stocks in play: Magellan Aerospace Corporation
Magellan Aerospace Corp MAL
Closing Bell: Magellan Aero down on Monday (MAL)
Closing Bell: Magellan Aero up on Friday (MAL)
Magellan Aerospace (MAL) Got Some Good News
Closing Bell: Magellan Aero up on Wednesday (MAL)
Closing Bell: Magellan Aero down on Friday (MAL)
Closing Bell: Magellan Aero down on Thursday (MAL)
Closing Bell: Magellan Aero up on Tuesday (MAL)
Closing Bell: Magellan Aero up on Monday (MAL)
Closing Bell: Magellan Aero up on Thursday (MAL)
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
5/02/2024
Today
5/28/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/13/2024

Industry, Sector and Symbol

Industry
Aerospace & Defense
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$16.00
High Stock Price Target
C$16.00
Low Stock Price Target
C$16.00
Potential Upside/Downside
+95.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$11.70 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$891.48 million
Cash Flow
C$0.65 per share
Book Value
C$13.07 per share

Miscellaneous

Free Float
N/A
Market Cap
C$468.71 million
Optionable
Not Optionable
Beta
1.09
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
  • Mr. Phillip Campion Underwood
    President, CEO & Director
  • Ms. Elena M. Milantoni CA
    CPA, CFO & Corporate Secretary
  • Mr. Haydn R. Martin
    Vice President of Business Development, Marketing & Contracts
  • Mr. Ian Roberts
    Vice President of Information Technology
  • Michael Gribe
    Vice President of Human Resources

MAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Magellan Aerospace stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Aerospace in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MAL shares.
View MAL analyst ratings
or view top-rated stocks.

What is Magellan Aerospace's stock price target for 2024?

1 brokerages have issued 1 year target prices for Magellan Aerospace's stock. Their MAL share price targets range from C$16.00 to C$16.00. On average, they expect the company's share price to reach C$16.00 in the next twelve months. This suggests a possible upside of 95.1% from the stock's current price.
View analysts price targets for MAL
or view top-rated stocks among Wall Street analysts.

How have MAL shares performed in 2024?

Magellan Aerospace's stock was trading at C$7.85 at the beginning of the year. Since then, MAL shares have increased by 4.5% and is now trading at C$8.20.
View the best growth stocks for 2024 here
.

When is Magellan Aerospace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our MAL earnings forecast
.

How were Magellan Aerospace's earnings last quarter?

Magellan Aerospace Co. (TSE:MAL) posted its quarterly earnings results on Thursday, May, 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm earned $235.24 million during the quarter, compared to analysts' expectations of $243.30 million. Magellan Aerospace had a trailing twelve-month return on equity of 1.57% and a net margin of 1.31%.

How often does Magellan Aerospace pay dividends? What is the dividend yield for Magellan Aerospace?

Magellan Aerospace declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Friday, June 14th will be paid a dividend of 0.025 per share on Friday, June 28th. This represents a $0.10 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for MAL
.

Is Magellan Aerospace a good dividend stock?

Magellan Aerospace (TSE:MAL) pays an annual dividend of C$0.10 per share and currently has a dividend yield of 1.27%. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MAL.

What other stocks do shareholders of Magellan Aerospace own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Aerospace investors own include Air Canada (AC), Aphria (APHA), NFI Group (NFI), Stantec (STN), Aurora Cannabis (ACB), Aecon Group (ARE), Bombardier, Inc. Class B (BBD.B), Walt Disney (DIS), First Quantum Minerals (FM) and Magna International (MG).

How do I buy shares of Magellan Aerospace?

Shares of MAL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MAL) was last updated on 5/29/2024 by MarketBeat.com Staff

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