Magna International (TSE:MG) Reaches New 1-Year Low at $55.93

Magna International Inc. (TSE:MG) (NYSE:MGA) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$55.93 and last traded at C$56.09, with a volume of 111647 shares trading hands. The stock had previously closed at C$56.94.

Magna International Trading Down 0.0 %

The firm has a market cap of C$16.36 billion, a P/E ratio of 11.86, a PEG ratio of 0.58 and a beta of 1.70. The company’s 50 day moving average is C$62.52 and its two-hundred day moving average is C$70.14. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.09 and a quick ratio of 0.83.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings data on Friday, May 3rd. The company reported C$1.46 EPS for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.21). The firm had revenue of C$14.79 billion during the quarter, compared to the consensus estimate of C$14.96 billion. Magna International had a return on equity of 9.35% and a net margin of 2.35%. On average, sell-side analysts predict that Magna International Inc. will post 7.7401198 earnings per share for the current year.

Magna International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.642 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Magna International’s previous quarterly dividend of $0.64. Magna International’s dividend payout ratio (DPR) is 53.75%.

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.