Magna International Inc. (TSX: MG)

Canada flag Canada · Delayed Price · Currency is CAD
58.10
+0.76 (1.33%)
Jul 2, 2024, 4:00 PM EDT
-23.24%
Market Cap 16.69B
Revenue (ttm) 58.92B
Net Income (ttm) 1.38B
Shares Out 287.33M
EPS (ttm) 4.81
PE Ratio 11.85
Forward PE 8.42
Dividend 1.87 (3.22%)
Ex-Dividend Date May 16, 2024
Volume 809,186
Open 57.07
Previous Close 57.34
Day's Range n/a
52-Week Range 55.93 - 87.00
Beta 1.62
Analysts n/a
Price Target 83.18 (+43.17%)
Earnings Date Aug 2, 2024

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 168,000
Stock Exchange Toronto Stock Exchange
Ticker Symbol MG
Full Company Profile

Financial Performance

In 2023, MG'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

Canada's Magna International wins reconfigurable seating contract with Chinese OEM

Magna secures first contract to deliver reconfigurable seating system to Chinese OEM, with mass production starting in Q4 2024.

14 days ago - Seeking Alpha

Magna Awarded Reconfigurable Seating Business With Chinese OEM

AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further a...

14 days ago - GlobeNewsWire

Canadian businessman Frank Stronach arrested on charges of sexual assault

Frank Stronach, founder of Canada's Magna International Inc , was arrested and charged with five criminal offenses including sexual assault and rape on Friday, local Canadian police officials said in ...

25 days ago - Reuters

Magna International: Growth Under The Hood? Not Likely

Magna International cut its guidance for total sales, citing relatively flat vehicle production environment in key markets. Learn why I rate MG:CA stock a hold.

5 weeks ago - Seeking Alpha

Magna Announces CAD Senior Notes Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced th...

5 weeks ago - GlobeNewsWire

Magna Announces 2024 Annual Meeting Results

AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total...

7 weeks ago - GlobeNewsWire

Magna International Inc. 2024 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Magna International Inc.

2 months ago - Seeking Alpha

What's Going On With Magna Shares After Incurring $316M Charges Related To Fisker In Q1?

Magna International, Inc. (NYSE: MGA) shares fall in the premarket session after reporting first-quarter results. The company reported adjusted earnings per share of $1.08, missing the street view of...

2 months ago - Benzinga

Magna International reports mixed Q1 results; updates FY24 outlook

Magna International press release (MGA): Q1 Non-GAAP EPS of $1.08 misses by $0.16. Revenue of $11B (+2.8% Y/Y) beats by $20M. Adjusted EBIT increased to $469 million in the first quarter of

2 months ago - Seeking Alpha

Magna Announces First Quarter 2024 Results

AURORA, Ontario, May 03, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2024.

2 months ago - GlobeNewsWire

Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions

AURORA, Ontario, April 30, 2024 (GLOBE NEWSWIRE) -- Magna was named a 2024 Automotive News PACE Award winner and received multiple PACEpilot Innovation to Watch recognitions at the awards ceremony on ...

2 months ago - GlobeNewsWire

Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna

Serve Robotics Inc (NASDAQ: SERV) said it is expanding its existing agreement with Magna International Inc (NYSE: MGA) to boost the adoption of robotics in logistics . Under the new agreement, Magna...

2 months ago - Benzinga

Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing

Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansion Magna has been licensing Serve's technology to support development ...

2 months ago - PRNewsWire

Magna Announces Date for Q1 2024 Results Call

AURORA, Ontario, April 15, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. FIRST QUARTER 2024 RESULTS WEBCAST FRIDAY – MAY 3, 2024 8:00 AM ET LIVE AUDIO...

2 months ago - GlobeNewsWire

Magna International falls after Evercore ISI warns on Fisker headwinds

Evercore ISI downgraded Magna International due to headwinds from Fisker's soft performance. Analyst expects difficult first half of the year for Magna. Read more.

2 months ago - Seeking Alpha

Magna Posts 2023 Annual Report

AURORA, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2023 Annual Report, including Management's Discussion and Analysis and Audite...

3 months ago - GlobeNewsWire

Magna Announces Senior Notes Offering

AURORA, Ontario, March 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement in respect of the offering of U.S.$...

4 months ago - GlobeNewsWire

GM Joins Forces With Magna and Wipro To Develop Auto Software Marketplace

General Motors, Magna International, and Wipro are teaming up to develop a platform for businesses to buy and sell automotive software.

4 months ago - Investopedia

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse'

DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have teamed up to develop a B2B...

4 months ago - GlobeNewsWire

GM, Magna and Wipro team up for automotive software marketplace

General Motors , auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform, called SDVerse, to buy and sell automotive software.

4 months ago - Reuters

Magna International Inc's Dividend Analysis

Magna International Inc's Dividend Analysis

4 months ago - GuruFocus