Magna International (TSE:MG - Get Free Report) NYSE: MGA will announce 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 earnings results on Friday, August 2nd. The company reported C$1.85 EPS for the quarter, missing the consensus estimate of C$1.99 by C($0.14). The firm had revenue of C$14.99 billion during the quarter, compared to analysts' expectations of C$15.22 billion. Magna International had a return on equity of 9.03% and a net margin of 2.29%.
Magna International Price Performance
MG stock remained flat at C$58.35 during midday trading on Friday. 705,712 shares of the company's stock traded hands, compared to its average volume of 1,224,612. The company has a market cap of C$16.77 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.45 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 62.12. Magna International has a 12-month low of C$51.79 and a 12-month high of C$79.98. The business has a 50-day moving average price of C$56.19 and a 200-day moving average price of C$59.67.
Magna International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.65 dividend. This is a boost from Magna International's previous quarterly dividend of $0.64. This represents a $2.60 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Friday, August 16th. Magna International's payout ratio is presently 54.01%.
Analyst Ratings Changes
Several analysts have recently issued reports on MG shares. Royal Bank of Canada cut shares of 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 note on Thursday, September 5th. Finally, BNP Paribas raised shares of Magna International from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 1st.
Check Out Our Latest Stock Report on Magna International
About Magna International
(
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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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