Magna International (NYSE:MGA – Get Rating) (TSE:MG) announced its quarterly earnings data on Friday. The company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.18, MarketWatch Earnings reports. The company had revenue of $9.64 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Magna International had a return on equity of 12.71% and a net margin of 4.18%. Magna International’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS.
Shares of NYSE:MGA traded down $1.85 during midday trading on Monday, hitting $58.42. 28,566 shares of the stock were exchanged, compared to its average volume of 1,612,717. The business’s 50-day moving average price is $63.47 and its 200 day moving average price is $75.27. Magna International has a 12 month low of $54.60 and a 12 month high of $104.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.30. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 0.80 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.80 dividend on an annualized basis and a yield of 3.08%. Magna International’s dividend payout ratio is currently 42.86%.
A hedge fund recently raised its stake in Magna International stock. Advisors Asset Management Inc. increased its holdings in shares of Magna International Inc. (NYSE:MGA – Get Rating) (TSE:MG) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,503 shares of the company’s stock after purchasing an additional 4,463 shares during the period. Advisors Asset Management Inc.’s holdings in Magna International were worth $1,902,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.
About Magna International (Get Rating)
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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