Magna International (MG) to Release Quarterly Earnings on Friday

Magna International (TSE:MG) (NYSE:MGA) is scheduled to be issuing its quarterly earnings data 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 issued 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 business had revenue of C$14.99 billion during the quarter, compared to analyst estimates of C$15.22 billion.

Magna International Price Performance

Shares of Magna International stock opened at C$57.90 on Wednesday. Magna International has a twelve month low of C$51.79 and a twelve 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. The company has a 50-day simple moving average of C$56.39 and a two-hundred day simple moving average of C$59.41. The stock has a market capitalization of C$16.64 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Magna International Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, August 16th. This represents a $2.60 annualized dividend and a yield of 4.49%. Magna International’s payout ratio is 54.01%.

Wall Street Analysts Forecast Growth

MG has been the subject of several analyst reports. Wolfe Research upgraded shares of Magna International to a “strong sell” rating in a research note on Thursday, September 5th. Royal Bank of Canada lowered shares of Magna International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 13th.

About Magna International

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.