Magna International, Inc. (MGA)
|Net Income (ttm)||1.26B|
|Ex-Dividend Date||May 12, 2022|
|Day's Range||57.88 - 59.93|
|52-Week Range||53.96 - 95.00|
|Price Target||64.86 (+11.9%)|
|Earnings Date||Aug 5, 2022|
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, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels... [Read more...]
In 2021, MGA's revenue was $36.24 billion, an increase of 11.01% compared to the previous year's $32.65 billion. Earnings were $1.51 billion, an increase of 100.00%.Financial Statements
According to 21 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is 64.86, which is an increase of 11.92% from the latest price.
$36 Billion Magna International Promotes A Former R&D Leader To Chief Digital And Information Officer
Boris Shulkin was recently named Executive Vice President and Chief Digital and Information Officer of Magna International. He was elevated to this role nearly two decades into his tenure with the $36 b...
Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters.
BlackBerry and Magna Collaborate on Next-Generation Advanced Driver Assistance System Solutions for Global Automakers
WATERLOO, ON and AURORA, ON , May 18, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and Magna International Inc. (TSX: MG; NYSE: MGA) have entered into a multi-year agreement to collaborat...
AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 202...
Magna (MGA) now expects full-year 2022 revenues in the band of $37.3-$38.9 billion, down from the previous guided range of $38.8-$40.4 billion.
Magna (MGA) delivered earnings and revenue surprises of 21.90% and 8.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
AURORA, Ontario, April 29, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2022.
The Zacks Consensus Estimate for Magna's (MGA) Q1 earnings and revenues is pegged at $1.05 per share and $8.88 billion, respectively.
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Magna (MGA) and LG Electronics announce a JV to launch a new Powertrain facility in Mexico. This is the JV's first foothold in North America.
New manufacturing plant to produce electric powertrain components for General Motors from 2023, creating an estimated 400 new jobs New manufacturing plant to produce electric powertrain components for G...
Magna International and LG Electronics are constructing a factory in the Mexican city of Ramos Airzpe that will supply electric vehicle components to General Motors Co, starting in 2023.
AURORA, Ontario, April 19, 2022 (GLOBE NEWSWIRE) -- One year after Magna (TSX: MG, NYSE: MGA) rolled out its go-forward strategy, the company is back with its investor event scheduled for May 10, 2022, ...
Let's see if Magna International (MGA) stock is a good choice for value-oriented investors right now from multiple angles.
The market slammed on the brakes last month due to a variety of factors.
AURORA, Ontario, April 08, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)
Magna (MGA) plans to scale up its operations in Ontario by investing in a battery enclosure facility. The investment promises to fuel growth and create around 150 jobs in the area.
AURORA, Ontario, March 25, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management's Discussion and Analysis and Audited ...
A multiyear period of sales expansion is looming for the automotive sector, and these companies are well-positioned to benefit from it.
AURORA, Ontario, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The JV...
Magna (MGA) reports year-over-year lower Q4 earnings but beats estimates on the back of higher-than-expected EBIT across all segments.
AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Magna announced today upcoming changes to the leadership of its Board of Directors, ahead of the company's annual meeting scheduled for May 3, 2022.
Fourth Quarter 2021 Highlights
The Zacks Consensus Estimate for Magna's (MGA) Q4 earnings and revenues is pegged at 83 cents per share and $8.94 billion, respectively.
AURORA, Ontario, Feb. 07, 2022 (GLOBE NEWSWIRE) -- With the rapid global growth of advanced driver assistance systems (ADAS), driver monitoring is quickly becoming an important feature and safety functi...