Magna International Inc. (TSX: MG)

Canada flag Canada · Delayed Price · Currency is CAD
60.69
+1.28 (2.15%)
Dec 20, 2024, 4:00 PM EST
-21.75%
Market Cap 17.44B
Revenue (ttm) 57.63B
Net Income (ttm) 1.45B
Shares Out 287.34M
EPS (ttm) 5.07
PE Ratio 11.98
Forward PE 7.22
Dividend 2.73 (4.50%)
Ex-Dividend Date Nov 15, 2024
Volume 1,838,830
Open 59.00
Previous Close 59.41
Day's Range 59.00 - 61.20
52-Week Range 51.79 - 79.98
Beta 1.60
Analysts n/a
Price Target n/a
Earnings Date Feb 7, 2025

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. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aero... [Read more]

Industry Auto Parts
Founded 1957
Employees 179,000
Stock Exchange Toronto Stock Exchange
Ticker Symbol MG
Full Company Profile

Financial Performance

In 2023, Magna International's revenue was $42.80 billion, an increase of 13.10% compared to the previous year's $37.84 billion. Earnings were $1.21 billion, an increase of 104.90%.

Financial numbers in USD Financial Statements

News

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a De...

4 weeks ago - GlobeNewsWire

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan

AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2...

6 weeks ago - GlobeNewsWire

Magna CEO says auto parts maker remains ‘resilient’ to industry headwinds

The head of Magna International Inc. says the Canadian automotive parts giant has successfully mitigated many of the challenges currently facing the auto industry by making marginal improvements acros...

7 weeks ago - BNN Bloomberg

Magna International Inc. (MGA) Q3 2024 Earnings Call Transcript

Magna International Inc. (NYSE:MGA) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ETCompany ParticipantsSwamy Kotagiri - CEOPatrick McCann - EVP...

7 weeks ago - Seeking Alpha

Magna misses Q3 earnings and plans to resume buy back in Q4

Swamy Kotagiri, CEO of Magna International, talks about the company missing its Q3 earnings and plans to buy back in Q4.

7 weeks ago - BNN Bloomberg

Magna International lowers guidance amid global production slump

Sales hit by softer than anticipated light vehicle production in North America and Europe

7 weeks ago - Financial Post

Magna International Misses On Q3 Earnings, Plans To Resume Buybacks From Q4

Magna International (NYSE: MGA) shares are trading higher in the premarket session on Friday. The company reported that the third quarter adjusted earnings per share was $1.28, missing the street vie...

7 weeks ago - Benzinga

Magna's bleak Q3 results offset by accelerated buyback, sales revisions

Magna International (MGA) reported downbeat Q3 results and revised guidance lower, but shares rally on buyback plan, FY24 outlook. Read more here.

7 weeks ago - Seeking Alpha

Magna Announces Third Quarter 2024 Results

AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2024.

7 weeks ago - GlobeNewsWire

Exploring Magna International's Earnings Expectations

Magna International (NYSE: MGA) is preparing to release its quarterly earnings on Friday, 2024-11-01. Here's a brief overview of what investors should keep in mind before the announcement. Analysts e...

7 weeks ago - Benzinga

Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM

AURORA, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Magna is accelerating the industry's move toward a cleaner future with the debut of its innovative Dual Clutch Transmission Eco (DCT Eco) solution fo...

7 weeks ago - GlobeNewsWire

Magna Announces Date for Q3 2024 Results Call

AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.

2 months ago - GlobeNewsWire

Dividends Don't (Usually) Lie

September 30, 2024 (Maple Hill Syndicate) – Geraldine Weiss, who died two years ago at age 96, was a successful investment newsletter writer at a time when few women were prominent in finance. She wro...

2 months ago - GuruFocus

Magna Shares Fall 7.9% Since Q2 Earnings Miss Estimates

Shares of Magna International (NYSE: MGA) have lost 7.9% since the company reported second-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.35 per share, which decli...

4 months ago - Benzinga

Magna Recommends Rejection of "Mini-Tender" Offer

AURORA, Ontario, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Inve...

4 months ago - GlobeNewsWire

'It's a lie,' billionaire Frank Stronach says of 13 sex crime charges filed against him

Former Magna International CEO speaks for the first time since his arrest, telling The Fifth Estate he did nothing wrong, while one of his complainants recounts her allegations of a 1980 rape after a ...

4 months ago - CBC News

Auto Parts Manufacturer Magna Shares Slide On Q2 Earnings Miss, Outlook Cut: Details

Magna International, Inc. (NYSE: MGA) shares are trading lower after reporting second-quarter results. The company reported adjusted earnings per share of $1.35, which missed the street view of $1.44...

5 months ago - Benzinga

Magna International sees Q2 net income hit US$328 million

Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million.

5 months ago - BNN Bloomberg

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies

Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles assembled, sending the auto p...

5 months ago - Reuters