Magna International Inc. (MGA)
Market Cap | 10.78B |
Revenue (ttm) | 42.84B |
Net Income (ttm) | 1.01B |
Shares Out | 282.88M |
EPS (ttm) | 3.52 |
PE Ratio | 10.82 |
Forward PE | 7.47 |
Dividend | $1.94 (5.10%) |
Ex-Dividend Date | Feb 28, 2025 |
Volume | 836,835 |
Open | 39.07 |
Previous Close | 38.76 |
Day's Range | 37.87 - 39.07 |
52-Week Range | 35.05 - 56.12 |
Beta | 1.62 |
Analysts | Hold |
Price Target | 47.93 (+25.87%) |
Earnings Date | Feb 14, 2025 |
About MGA
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]
Financial Performance
In 2024, Magna International's revenue was $42.84 billion, an increase of 0.09% compared to the previous year's $42.80 billion. Earnings were $1.01 billion, a decrease of -16.82%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for MGA stock is "Hold." The 12-month stock price forecast is $47.93, which is an increase of 25.87% from the latest price.
News
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Magna International: Pivoting Strong Towards A Positive 2026
Magna International posted a positive FY 2024 report, beating analysts' EPS consensus estimate, and showing improved EBIT and effective cost management. The company is undervalued with a trailing P/E ...
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14 Upcoming Dividend Increases, Including A King
S&P Global extends its 52-year dividend growth streak with a 5.5% increase, highlighting financial health and stability. My strategy focuses on stocks with consistent dividend growth and outperforming...
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Magna International Inc. (MGA) Q4 2024 Earnings Call Transcript
Magna International Inc. (NYSE:MGA) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Louis Tonelli - VP, IR Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Confere...
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Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, c...
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Magna Expands Long-Term Innovation Partnership with Mercedes-Benz
AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation and excellence. This collaboration has span...
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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...
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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...
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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 ET Company Participants Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Louis Tonelli - VP, IR Conferen...
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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.
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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...
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Magna International: An Undervalued Stock With Double-Digit Long-Term Dividend Growth Rate
Magna International, a multinational mobility solutions and technology company for automakers, is now a $12 billion (by market cap) leading manufacturer. Manga increased its dividend for 15 consecutiv...
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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.
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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...
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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...
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Magna International: No Rush To Start A Position
Magna International Inc. reported Q2 earnings with flat sales, missed EPS, and lower EBIT compared to the previous year. The company attributed lackluster performance to the global automotive slump, e...
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Magna International (MGA) Q2 2024 Earnings Call Transcript
Magna International Inc. (NYSE:MGA) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Swamy Kotagiri - Chief Executive Officer Patrick McCann - Executive Vice President,...
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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...
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Magna Announces Second Quarter 2024 Results
AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2024.
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Magna Announces Date for Q2 2024 Results Call
AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE...
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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...
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Sell In May And Go Away? - April Dividend Income Report
Many investors believe the stock market generates a better return between November and April than between May and October. Many events contributed to convincing investors that summer and the beginning...
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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...
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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...
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Magna International Inc. (MGA) Q1 2024 Earnings Call Transcript
Magna International Inc. (NYSE:MGA) Q1 2024 Earnings Conference Call May 3, 2024 8:00 AM ET Company Participants Louis Tonelli – Vice President-Investor Relations Swamy Kotagiri – Chief Executive Off...
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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.