Magna International (TSE:MG – Get Free Report) (NYSE:MGA) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of C$1.20 per share for the quarter.
Magna International (TSE:MG – Get Free Report) (NYSE:MGA) last announced its quarterly earnings data on Friday, February 9th. The company reported C$1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.99 by C($0.18). Magna International had a net margin of 2.83% and a return on equity of 10.89%. The company had revenue of C$14.23 billion during the quarter, compared to analyst estimates of C$14.30 billion.
Magna International Stock Down 2.5 %
Magna International stock opened at C$65.80 on Wednesday. Magna International has a 1-year low of C$64.41 and a 1-year high of C$87.00. The company has a debt-to-equity ratio of 58.83, a current ratio of 1.06 and a quick ratio of 0.83. The stock has a market cap of C$18.90 billion, a PE ratio of 11.50, a P/E/G ratio of 0.58 and a beta of 1.68. The stock’s fifty day moving average is C$71.24 and its two-hundred day moving average is C$73.24.
Magna International Increases Dividend
Insider Buying and Selling at Magna International
In other Magna International news, Director Seetarama Swamy Kotagiri sold 20,906 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$53.98, for a total value of C$1,128,476.61. In other Magna International news, Senior Officer Bruce Cluney sold 9,292 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$54.15, for a total transaction of C$503,164.59. Also, Director Seetarama Swamy Kotagiri sold 20,906 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$53.98, for a total value of C$1,128,476.61. Insiders have sold a total of 34,844 shares of company stock worth $1,887,403 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada cut their price target on Magna International from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Monday, February 12th.
Read Our Latest Research Report 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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