Magna International (NYSE:MGA – Get Free Report) (TSE:MG) announced its quarterly earnings results on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.18), RTT News reports. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.97 billion. Magna International had a return on equity of 12.97% and a net margin of 2.35%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. Magna International updated its FY 2024 guidance to EPS.
Magna International Price Performance
Shares of NYSE:MGA opened at $46.70 on Monday. The company has a market capitalization of $13.42 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.69. The company’s 50-day moving average is $52.00 and its 200 day moving average is $53.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 1.06. Magna International has a fifty-two week low of $46.11 and a fifty-two week high of $65.27.
Magna International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 16th. Magna International’s dividend payout ratio is presently 53.98%.
Analyst Upgrades and Downgrades
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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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