Magna International (TSE:MG – Get Free Report) (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 – Get Free Report) (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
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.
Check Out Our Latest Stock Analysis on Magna International
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.
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