Magnera (NYSE:MAGN – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($1.69) earnings per share for the quarter, Zacks reports. Magnera had a negative net margin of 6.97% and a negative return on equity of 22.40%. During the same quarter in the previous year, the firm earned ($0.25) EPS.
Magnera Price Performance
Shares of MAGN stock opened at $20.17 on Friday. The company has a market cap of $70.60 million, a P/E ratio of -1.10 and a beta of 1.67. Magnera has a 52-week low of $15.80 and a 52-week high of $32.89. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.49 and a quick ratio of 1.04.
Analysts Set New Price Targets
Separately, Wells Fargo & Company upped their price target on Magnera from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday.
About Magnera
Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions propel our customers’ goals forward and solve end-users’ problems, every day.
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