Magna International (NYSE:MGA – Get Free Report) (TSE:MG) announced its quarterly earnings results on Friday. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.20), Briefing.com reports. Magna International had a net margin of 2.29% and a return on equity of 12.53%. The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Magna International updated its FY 2024 guidance to EPS.
Magna International Trading Up 6.3 %
NYSE MGA opened at $41.97 on Friday. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.63 and a beta of 1.59. Magna International has a 52 week low of $38.01 and a 52 week high of $60.32. The business has a 50 day moving average price of $41.34 and a 200-day moving average price of $43.14. The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.
Magna International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.90 annualized dividend and a dividend yield of 4.53%. Magna International’s dividend payout ratio is 55.39%.
Wall Street Analyst Weigh In
View Our Latest Research Report on MGA
Magna International Company Profile
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.
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