Magna International Inc. (MGA)
Market Cap | 14.75B |
Revenue (ttm) | 38.87B |
Net Income (ttm) | 437.00M |
Shares Out | 286.10M |
EPS (ttm) | 1.52 |
PE Ratio | 33.91 |
Forward PE | 8.14 |
Dividend | $1.82 (3.53%) |
Ex-Dividend Date | May 18, 2023 |
Volume | 690,070 |
Open | 51.57 |
Previous Close | 50.69 |
Day's Range | 50.91 - 51.67 |
52-Week Range | 45.58 - 68.92 |
Beta | 1.63 |
Analysts | Buy |
Price Target | 62.00 (+20.27%) |
Earnings Date | May 5, 2023 |
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, 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]
Financial Performance
In 2022, MGA's revenue was $37.84 billion, an increase of 4.41% compared to the previous year's $36.24 billion. Earnings were $592.00 million, a decrease of -60.90%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MGA stock is "Buy." The 12-month stock price forecast is $62.0, which is an increase of 20.27% from the latest price.
News

Magna Announces 2023 Annual Meeting Results
AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A tota...

Magna Announces First Quarter 2023 Results
AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2023.

Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announce...

Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) -- The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its...

Magna Announces Date for Q1 2023 Results Call
AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q1 2023 RESULTS CALL FRIDAY – MAY 5, 2023 8:00 AM ET DIAL IN NUMBERS Toll-Fre...

Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive
AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufa...

Magna Posts 2022 Annual Report
AURORA, Ontario, March 31, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2022 Annual Report, including Management's Discussion and Analysis and Audite...

Magna Announces Senior Notes Offerings
AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two ser...

Magna Announces CAD Senior Notes Offering
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Magna's SmartAccess Power Door System Hits the Market in Style
AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna is revolutionizing vehicle access experiences with the launch of its SmartAccess TM power door system on the opposing rear doors of the Ferrar...

Magna Announces Filing of Shelf Prospectus and Registration Statement
AURORA, Ontario, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) (“Magna” or “we”) today announced that it has filed a short form base shelf prospectus with the Ontario...

Is Does Magna International Earnings Warning Bad for EV Sales?
Worldwide vehicle parts supplier and manufacturer Magna International Inc. (NYSE: MGA) is one of the most significant players in the automobile and electric vehicles (EV) space you've probably never h...

Magna Announces New Facility and Expands in Five Other Locations Across Ontario to Support New Business
AURORA, Ontario, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Today, Magna announced it is investing more than $470 million to expand its operations across Ontario, Canada. The growth includes a new battery encl...

Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV
AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Magna announced today that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado ...

Magna Announces Fourth Quarter 2022 Results and 2023 Outlook
Fourth Quarter 2022 Highlights

Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results
AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below...

Magna's ClearView™ Vision System Comes to Market on Ram Trucks
AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Magna's advanced ClearView™ vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Heav...

Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference Call
AURORA, Ontario, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
AURORA, Ontario, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Building on its expertise in producing millions of active aerodynamic systems for automakers, today Magna introduces Morphing Surfaces, the next gene...

Magna International buying Veoneer Active Safety business for $1.525 bln
Magna International Inc. MGA, -0.07% MG, -0.42% said Tuesday it agreed to pay $1.525 billion in cash for the Veoneer Active Safety business from seller SSW Partners. Magna International plans to combi...

Magna International to Buy Veoneer Active Safety for $1.5 Billion
Magna is buying a smaller part of the Veoneer portfolio, after losing a bidding war for the whole company with Qualcomm last year.

Magna to Acquire Veoneer Active Safety Business
AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW...

Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization
The accelerator program, which specializes in advancing startup-corporate partnerships with BASF and Magna, welcomes five startups working on emissions-reducing innovations for automotive manufacturin...

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
AURORA, Ontario, Nov. 09, 2022 (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 ...

Magna Announces Third Quarter 2022 Results
AURORA, Ontario, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2022.