Magellan Aerospace (OTCMKTS:MALJF – Get Free Report) is expected to be releasing its resultson Wednesday, August 12th. Analysts expect the company to announce earnings of $0.2429 per share and revenue of $203.84 million for the quarter.
Magellan Aerospace Trading Up 9.4%
MALJF opened at $26.88 on Wednesday. The stock has a fifty day simple moving average of $23.60 and a two-hundred day simple moving average of $19.45. Magellan Aerospace has a 12-month low of $10.85 and a 12-month high of $27.05.
Analysts Set New Price Targets
Separately, TD Securities reaffirmed a “buy” rating on shares of Magellan Aerospace in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
About Magellan Aerospace
Magellan Aerospace is a global supplier of aerospace systems and components, specializing in the design, development and manufacture of aero-structures, engine products and landing gear. The company serves commercial and military customers, providing precision-machined parts and assemblies for airframes, flight control systems and propulsion systems. Magellan’s capabilities extend to advanced composites, sheet-metal fabrication, welding, heat treatment and complex assembly processes essential to modern aircraft production and maintenance.
In its Space & Defence division, Magellan Aerospace delivers satellite and space system components, launch vehicle hardware and missile avionics.
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