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 (EPS) for the quarter, missing the consensus estimate of C$1.99 by C($0.14). The company had revenue of C$14.99 billion during the quarter, compared to analysts’ expectations of C$15.22 billion. Magna International had a net margin of 2.29% and a return on equity of 9.03%.
Magna International Stock Performance
Shares of TSE MG opened at C$58.35 on Friday. The company has a market cap of C$16.77 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83. Magna International has a 12 month low of C$51.79 and a 12 month high of C$79.98. The company has a 50-day simple moving average of C$56.11 and a 200-day simple moving average of C$59.75.
Magna International Increases Dividend
Analyst Upgrades and Downgrades
MG has been the topic of several research analyst reports. Wolfe Research raised Magna International to a “strong sell” rating in a research note on Thursday, September 5th. BNP Paribas upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 1st. Finally, Royal Bank of Canada downgraded shares of Magna International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 13th.
Get Our Latest Analysis on Magna International
Magna International Company Profile
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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