Magna International (NYSE:MGA – Get Free Report) (TSE:MG) issued its quarterly earnings results on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18), RTT News reports. Magna International had a return on equity of 13.15% and a net margin of 2.83%. The business had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the business posted $1.11 earnings per share. Magna International’s revenue was up 2.8% on a year-over-year basis. Magna International updated its FY 2024 guidance to EPS.
Magna International Stock Performance
Shares of NYSE:MGA traded down $1.72 during midday trading on Friday, reaching $46.70. The company’s stock had a trading volume of 3,988,059 shares, compared to its average volume of 1,676,348. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $52.00 and a 200 day moving average of $53.92. Magna International has a twelve month low of $46.11 and a twelve month high of $65.27. The firm has a market capitalization of $13.42 billion, a PE ratio of 11.07, a P/E/G ratio of 0.49 and a beta of 1.69.
Magna International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.07%. The ex-dividend date is Thursday, May 16th. Magna International’s payout ratio is 45.02%.
Wall Street Analysts Forecast Growth
View 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.
Recommended Stories
- Five stocks we like better than Magna International
- What is the Shanghai Stock Exchange Composite Index?
- MarketBeat Week in Review – 4/29 – 5/3
- How to Effectively Use the MarketBeat Ratings Screener
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Following Congress Stock Trades
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with MarketBeat.com's FREE daily email newsletter.