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Magna InternationalNYSE: MGA

Profile

Industry:

Auto Parts

Country:

Canada

IPO:

05 October 1984

Next earnings report:

07 February 2025

Last dividends:

15 November 2024

Next dividends:

N/A
$12.26 B
-53%vs. 3y high
86%vs. sector
-69%vs. 3y high
23%vs. sector
-55%vs. 3y high
40%vs. sector
-60%vs. 3y high
22%vs. sector

Price

pre-market | 18 min ago
$42.65+$0.65(+1.55%)
$10.28 B$10.36 B
$10.28 B$484.00 M

Analysts recommendations

Institutional Ownership

MGA Latest News

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
globenewswire.com19 November 2024 Sentiment: POSITIVE

AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company's flexible approach to supplying power to wheels.

Magna Shares Rise 12% Since Q3 Earnings Miss Expectations
zacks.com15 November 2024 Sentiment: NEUTRAL

MGA reports lower-than-expected Q3 results and expects 2024 revenues in the band of $42.2-$43.2 billion, down from $42.5-$44.1 billion guided earlier.

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
globenewswire.com05 November 2024 Sentiment: POSITIVE

AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange ("TSX") has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares (the "New NCIB"), representing approximately 10% of its public float. As at October 31, 2024, Magna had 287,342,204 issued and outstanding Common Shares, including a public float of 286,960,792 Common Shares.

Magna (MGA) Lags Q3 Earnings and Revenue Estimates
zacks.com01 November 2024 Sentiment: NEUTRAL

Magna (MGA) came out with quarterly earnings of $1.28 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.46 per share a year ago.

Magna Announces Third Quarter 2024 Results
globenewswire.com01 November 2024 Sentiment: NEUTRAL

AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2024.

Magna International Inc. (MGA) Q3 2024 Earnings Call Transcript
seekingalpha.com01 November 2024 Sentiment: NEUTRAL

Magna International Inc. (NYSE:MGA ) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET Company Participants Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Louis Tonelli - VP, IR Conference Call Participants John Murphy - Bank of America Tamy Chen - BMO Capital Markets William Tackett - Morgan Stanley Dan Levy - Barclays Alejandro Nuno - UBS Tom Narayan - RBC Capital Markets James Picariello - BNP Paribas Bruno Dossena - Wolfe Research Mark Delaney - Goldman Sachs Colin Langan - Wells Fargo Michael Glen - Raymond James Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.

Magna (MGA) Earnings Expected to Grow: Should You Buy?
zacks.com25 October 2024 Sentiment: NEUTRAL

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Magna International: An Undervalued Stock With Double-Digit Long-Term Dividend Growth Rate
seekingalpha.com14 October 2024 Sentiment: POSITIVE

Magna International, a multinational mobility solutions and technology company for automakers, is now a $12 billion (by market cap) leading manufacturer. Manga increased its dividend for 15 consecutive years, with a 10-year dividend growth rate of 11.1%. Magna moved its revenue from $34.4 billion in FY 2014 to $42.8 billion in FY 2023, a compound annual growth rate of 2.5%.

Magna Announces Date for Q3 2024 Results Call
globenewswire.com30 September 2024 Sentiment: NEUTRAL

AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.

Dividends Don't (Usually) Lie
gurufocus.com30 September 2024 Sentiment: NEUTRAL

September 30, 2024 (Maple Hill Syndicate) – Geraldine Weiss, who died two years ago at age 96, was a successful investment newsletter writer at a time when few women were prominent in finance. She wrote a book called Dividends Don't Lie.

What type of business is 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. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

What sector is Magna International in?

Magna International is in the Consumer Cyclical sector

What industry is Magna International in?

Magna International is in the Auto Parts industry

What country is Magna International from?

Magna International is headquartered in Canada

When did Magna International go public?

Magna International initial public offering (IPO) was on 05 October 1984

What is Magna International website?

https://www.magna.com

Is Magna International in the S&P 500?

No, Magna International is not included in the S&P 500 index

Is Magna International in the NASDAQ 100?

No, Magna International is not included in the NASDAQ 100 index

Is Magna International in the Dow Jones?

No, Magna International is not included in the Dow Jones index

When was Magna International the previous earnings report?

No data

When does Magna International earnings report?

The next expected earnings date for Magna International is 07 February 2025