Magna International (TSE:MG – Get Free Report) (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 – Get Free Report) (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
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.
Check Out Our Latest Report on Magna International
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.
Featured Stories
- Five stocks we like better than Magna International
- What is a buyback in stocks? A comprehensive guide for investors
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Investing In Automotive Stocks
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with MarketBeat.com's FREE daily email newsletter.