Magna International (MG) Scheduled to Post Earnings on Friday

Magna International (TSE:MG) (NYSE:MGA) is scheduled to be announcing its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$2.11 per share for the quarter.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings data on Friday, August 2nd. The company reported C$1.85 earnings per share for the quarter, missing the consensus estimate of C$1.99 by C($0.14). Magna International had a return on equity of 9.03% and a net margin of 2.29%. The company had revenue of C$14.99 billion for the quarter, compared to the consensus estimate of C$15.22 billion.

Magna International Trading Up 0.2 %

Shares of TSE MG opened at C$58.35 on Friday. The business has a fifty day simple moving average of C$56.11 and a 200-day simple moving average of C$59.75. The company has a market cap of C$16.77 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.45 and a beta of 1.60. Magna International has a 12 month low of C$51.79 and a 12 month high of C$79.98. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 62.12.

Magna International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Magna International’s previous quarterly dividend of $0.64. This represents a $2.60 dividend on an annualized basis and a yield of 4.46%. Magna International’s dividend payout ratio is currently 54.01%.

Analyst Ratings Changes

MG has been the subject of several research analyst reports. BNP Paribas upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 1st. Royal Bank of Canada downgraded shares of Magna International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Wolfe Research raised Magna International to a “strong sell” rating in a research report on Thursday, September 5th.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.