Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine, and aero structure assemblies and components for aerospace markets in Canada, the United States, Europe, and Asia. The company offers aero engines products, including engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services. It also provides aero structures components, such as landing gear systems, wing ribs and spars, bulkheads and fuselage components, tailcone assemblies, and composite wing and fairing structures. In addition, the company offers space, satellites, SCISAT, and satellite subsystems; sand cast components comprising engine mounted gearbox housings, power transmission housings, APU housings, engine inlets and intermediate cases, and front frames and fan cases; and wire strike protection systems for helicopter safety. Further, it provides power generation equipment and services, and gas turbines, as well as generates energy from waste; and rocket weapon systems, brant rockets, booster motors, and missile fins and control systems, as well as other support materials. Additionally, the company is involved in the precision machining and assembly of commercial aerospace products, as well as provision of metal finishing treatment services for aerospace products; supply and overhaul of aircraft and helicopter engines and airborne ancillary power units; and provision of aircraft engineering and design consultancy, including engine sales, exchange, and leasing services. Magellan Aerospace Corporation was founded in 1994 and is headquartered in Mississauga, Canada.
Industry, Sector and Symbol
Industry Aerospace/Defense - Major Diversified
Sub-IndustryN/A
SectorIndustrial Products
CIKN/A
Phone+1-905-6771889
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesC$1.02 billion
Profitability
Miscellaneous
Employees3,800
Next Earnings Date3/11/2020 (Estimated)
OptionableNot Optionable
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Magellan Aerospace (TSE:MAL) Frequently Asked Questions
What is Magellan Aerospace's stock symbol?
Magellan Aerospace trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MAL."
How often does Magellan Aerospace pay dividends? What is the dividend yield for Magellan Aerospace?
Magellan Aerospace declared a quarterly dividend on Monday, December 16th. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.105 per share on Tuesday, December 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, December 16th. This is a boost from Magellan Aerospace's previous quarterly dividend of $0.10. View Magellan Aerospace's Dividend History.
How were Magellan Aerospace's earnings last quarter?
Magellan Aerospace Corp (TSE:MAL) announced its earnings results on Wednesday, November, 13th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm earned $235.58 million during the quarter. View Magellan Aerospace's Earnings History.
When is Magellan Aerospace's next earnings date?
What price target have analysts set for MAL?
2 brokerages have issued 1 year target prices for Magellan Aerospace's shares. Their forecasts range from C$20.00 to C$21.00. On average, they anticipate Magellan Aerospace's share price to reach C$20.50 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price. View Analyst Price Targets for Magellan Aerospace.
What is the consensus analysts' recommendation for Magellan Aerospace?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Aerospace in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magellan Aerospace.
Has Magellan Aerospace been receiving favorable news coverage?
Press coverage about MAL stock has been trending positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Magellan Aerospace earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Magellan Aerospace.
Who are some of Magellan Aerospace's key competitors?
What other stocks do shareholders of Magellan Aerospace own?
Who are Magellan Aerospace's key executives?
Magellan Aerospace's management team includes the folowing people:
- Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 59)
- Mr. Phillip Campion Underwood, Pres, CEO & Director
- Ms. Elena M. Milantoni, Chief Financial Officer
- Mr. Hyden R. Martin, VP of Bus. Devel., Marketing & Contracts
- Ms. Jo-Ann C. Ball, VP of HR
How do I buy shares of Magellan Aerospace?
Shares of MAL and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Magellan Aerospace's stock price today?
One share of MAL stock can currently be purchased for approximately C$14.28.
How big of a company is Magellan Aerospace?
What is Magellan Aerospace's official website?
How can I contact Magellan Aerospace?
Magellan Aerospace's mailing address is 3160 Derry Rd E, MISSISSAUGA, ON L4T 1A9, Canada. The company can be reached via phone at +1-905-6771889.
MarketBeat Community Rating for Magellan Aerospace (TSE MAL)
MarketBeat's community ratings are surveys of what our community members think about Magellan Aerospace and other stocks. Vote "Outperform" if you believe MAL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MAL will underperform the S&P 500 over the long term. You may vote once every thirty days.
