Magna International Inc. (MGA)

NYSE: MGA · Real-Time Price · USD
38.08
-0.68 (-1.75%)
Feb 21, 2025, 4:00 PM EST - Market closed
-1.75%
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]

Industry Auto Parts
Founded 1957
Employees 168,000
Stock Exchange NYSE
Ticker Symbol MGA
Full Company Profile

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 Statements

Analyst 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.

Price Target
$47.93
(25.87% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

8 hours ago - Seeking Alpha

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...

Other symbols: AVABCBIPCSXEQIXKNSLMCO
1 day ago - Seeking Alpha

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...

7 days ago - Seeking Alpha

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...

7 days ago - GlobeNewsWire

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...

10 days ago - GlobeNewsWire

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...

3 months 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...

3 months ago - GlobeNewsWire

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...

4 months 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.

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

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.

5 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...

Other symbols: UGIUSBWBA
5 months ago - GuruFocus

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...

7 months ago - GlobeNewsWire

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...

7 months ago - Seeking Alpha

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,...

7 months ago - Seeking Alpha

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...

7 months ago - Reuters

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.

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

9 months 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...

9 months 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...

10 months ago - GlobeNewsWire

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...

10 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.

10 months ago - GlobeNewsWire