Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
CanadaIPO:
05 October 1984Website:
http://www.magna.comNext earnings report:
02 August 2024Last dividends:
16 May 2024Next dividends:
N/APrice
after hours | 22 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
MGA Latest News
AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCAST Webcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATION Replay available 2 hours after the call until August 9, 2024 Toll-Free Dial-In: 1-800-770-2030 Toll Dial-In: 1-609-800-9909 Conference ID: 9829976 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations [email protected] 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations [email protected] 905-726-7108
AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further advanced traditional in-cabin vehicle design with its first awarded contract to deliver a reconfigurable seating system to a Chinese OEM. This innovative technology offers fully rotating front seats paired with long rails, enabling a flexible layout for more in-cabin space.
Magna's (MGA) long-term prospects are strong on the back of innovation, cost control, frequent business wins and a sound balance sheet.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$450 million aggregate principal amount of senior unsecured notes due 2029. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029.
2024 has been a challenging year for Magna International, the manufacturer of vehicle parts and the contract producer for the struggling Fisker. Magna is responsible for making the Fisker Ocean, an electric SUV.
While the revenue and EPS of Magna (MGA) provide insight into its performance in the first quarter of 2024, it could be beneficial to analyze how certain important metrics stack up against Wall Street forecasts and the previous year's figures.
Magna (MGA) reported earnings of $1.08 per share for the quarter, falling short of the Zacks Consensus Estimate of $1.28 per share. This is lower than the $1.11 per share earned in the same quarter last year.
Look beyond analysts' expectations for Magna (MGA) and assess projections for key metrics to better understand the company's performance in the first quarter of 2024.
Magna (MGA) may not have the necessary elements for a potential earnings beat in its upcoming report. Be sure to have the key expectations in mind.
Magna: Attractive Entry For Long Term Returns
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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, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; 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. The company also designs, engineers, and manufactures tooling products. 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 does Magna International report earnings?
The next expected earnings date for Magna International is 02 August 2024