Magna International Inc. (MGA.F)
| Previous close | 44.31 |
| Open | 45.15 |
| Bid | 43.16 x 10000 |
| Ask | 43.22 x 10000 |
| Day's range | 45.09 - 45.15 |
| 52-week range | 44.31 - 60.16 |
| Volume | |
| Avg. volume | 127 |
| Market cap | 13.157B |
| Beta (5Y monthly) | 1.68 |
| PE ratio (TTM) | 11.42 |
| EPS (TTM) | 3.95 |
| Earnings date | 03 May 2024 |
| Forward dividend & yield | 1.74 (3.92%) |
| Ex-dividend date | 22 Feb 2024 |
| 1y target est | 107.00 |
- Reuters
UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags
Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.
GlobeNewswireMagna Announces First Quarter 2024 Results
Swamy Kotagiri, Magna’s Chief Executive Officer "Our first quarter results exceeded our expectations for sales and earnings, excluding the impact of impairment charges. As a result of our continued focus on cost containment, customer recoveries and operational excellence, we are maintaining our Adjusted EBIT margin outlook range for 2024 and see continued progress on our planned margin expansion despite uncertainty of electrification volumes and product mix in the industry." - Swamy Kotagiri, Ma
GlobeNewswireMagna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions
Magna’s Integrated Driver & Occupant Monitoring System Magna’s Integrated Driver & Occupant Monitoring System wins 2024 Automotive News PACE Award Integrated Driver & Occupant Monitoring System is one of 13 PACE Award winners out of 33 finalistsExteriors and seating products secure two of 11 PACEpilot Innovation to Watch recognitionsMagna only company to receive a PACE and multiple PACEpilot Awards AURORA, Ontario, April 30, 2024 (GLOBE NEWSWIRE) -- Magna was named a 2024 Automotive News PACE Aw
