Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Equities researchers at Raymond James decreased their Q4 2024 EPS estimates for shares of Magna International in a research report issued to clients and investors on Monday, November 4th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $1.86 per share for the quarter, down from their previous estimate of $2.07. The consensus estimate for Magna International's current full-year earnings is $8.89 per share. Raymond James also issued estimates for Magna International's FY2025 earnings at $8.51 EPS.
A number of other equities research analysts have also weighed in on MG. Royal Bank of Canada lowered Magna International from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Wolfe Research raised shares of Magna International to a "strong sell" rating in a research report on Thursday, September 5th.
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Magna International Stock Down 0.4 %
Shares of Magna International stock traded down C$0.21 on Wednesday, reaching C$58.69. The stock had a trading volume of 1,242,683 shares, compared to its average volume of 1,233,617. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 62.12. The stock has a market capitalization of C$16.86 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a 50 day moving average price of C$56.55 and a 200 day moving average price of C$59.09. Magna International has a 1 year low of C$51.79 and a 1 year high of C$79.98.
Magna International Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, November 15th. Magna International's dividend payout ratio (DPR) is 54.01%.
Magna International Company Profile
(
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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.
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