Magna International (MG) Scheduled to Post Quarterly Earnings on Friday

Magna International (TSE:MG) (NYSE:MGA) will announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of C$1.20 per share for the quarter.

Magna International (TSE:MG) (NYSE:MGA) last posted its earnings results on Friday, February 9th. The company reported C$1.81 EPS for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.18). Magna International had a net margin of 2.83% and a return on equity of 10.89%. The business had revenue of C$14.23 billion for the quarter, compared to analyst estimates of C$14.30 billion.

Magna International Price Performance

TSE:MG opened at C$66.54 on Friday. Magna International has a 52 week low of C$64.41 and a 52 week high of C$87.00. The company has a quick ratio of 0.83, a current ratio of 1.06 and a debt-to-equity ratio of 58.83. The stock has a market capitalization of C$19.12 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.58 and a beta of 1.68. The stock’s 50-day moving average price is C$71.66 and its 200-day moving average price is C$73.36.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.638 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Magna International’s previous quarterly dividend of $0.46. This represents a $2.55 dividend on an annualized basis and a yield of 3.84%. Magna International’s dividend payout ratio (DPR) is currently 44.76%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on shares of Magna International from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Monday, February 12th.

Insider Activity at Magna International

In related news, Senior Officer Boris Shulkin sold 4,646 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$55.05, for a total value of C$255,762.30. In other Magna International news, Senior Officer Bruce Cluney sold 9,292 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$54.15, for a total value of C$503,164.59. Also, Senior Officer Boris Shulkin sold 4,646 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$55.05, for a total transaction of C$255,762.30. In the last three months, insiders have sold 34,844 shares of company stock valued at $1,887,403. 6.10% of the stock is owned by corporate insiders.

About Magna International

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.