Magna International Inc. (TSX: MG)

Canada flag Canada · Delayed Price · Currency is CAD
65.55
-0.25 (-0.38%)
May 1, 2024, 4:00 PM EDT
-6.56%
Market Cap 18.83B
Revenue (ttm) 58.76B
Net Income (ttm) 1.67B
Shares Out 287.28M
EPS (ttm) 5.79
PE Ratio 11.34
Forward PE 8.42
Dividend 1.86 (2.83%)
Ex-Dividend Date Feb 22, 2024
Volume 1,679,224
Open 65.65
Previous Close 65.80
Day's Range 65.16 - 66.24
52-Week Range 64.41 - 87.00
Beta 1.68
Analysts n/a
Price Target 85.55 (+30.51%)
Earnings Date May 3, 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
Country Canada
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

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 ...

1 day 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...

7 days 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 ...

8 days 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...

16 days 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.

17 days 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...

4 weeks 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.$...

2 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.

2 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...

2 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.

2 months ago - Reuters

Magna International Inc's Dividend Analysis

Magna International Inc's Dividend Analysis

2 months ago - GuruFocus

Magna International: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from Magna International (NYSE: MGA). What's Happening The company announced on Monday that it would pay shareholders...

2 months ago - Benzinga

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

AURORA, Ontario, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a ...

2 months ago - GlobeNewsWire

These Analysts Slash Their Forecasts On Magna International After Q4 Results

Magna International Inc (NYSE: MGA) reported mixed fourth-quarter results on Friday . Magna International reported fourth-quarter 2023 sales of $10.45 billion, almost in line with the consensus of $1...

2 months ago - Benzinga

CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook

In a release issued under the same headline on Friday, February 9th by Magna International Inc. (TSX: MG; NYSE: MGA), please note that some of the information in the Consolidated Statements of Cash Fl...

2 months ago - GlobeNewsWire

Magna International Inc at Morgan Stanley Laguna Conference Transcript

Magna International Inc at Morgan Stanley Laguna Conference Transcript

2 months ago - GuruFocus

Magna International Inc Investor Update Transcript

Magna International Inc Investor Update Transcript

2 months ago - GuruFocus

Magna International Inc at Bank of America Automotive Summit Transcript

Magna International Inc at Bank of America Automotive Summit Transcript

2 months ago - GuruFocus

Magna International Inc to Discuss the Acquisition of Veoneer Active Safety Business Call Transcript

Magna International Inc to Discuss the Acquisition of Veoneer Active Safety Business Call Transcript

2 months ago - GuruFocus

Magna International Inc at Barclays Global Automotive and Mobility Tech Conference Transcript

Magna International Inc at Barclays Global Automotive and Mobility Tech Conference Transcript

2 months ago - GuruFocus

Magna International Inc at JPMorgan Auto Conference Transcript

Magna International Inc at JPMorgan Auto Conference Transcript

2 months ago - GuruFocus

Magna International Inc Investor Event Transcript

Magna International Inc Investor Event Transcript

2 months ago - GuruFocus

Magna International Inc at Wolfe Research Global Auto, Auto Tech and Mobility Conference Transcript

Magna International Inc at Wolfe Research Global Auto, Auto Tech and Mobility Conference Transcript

2 months ago - GuruFocus