Magna International released a strong report for FY 2024, surpassing analysts' expectations for earnings per share and demonstrating better EBIT along with effective cost control. The company appears undervalued, with a trailing P/E of 7.01x and an EV/EBITDA of 4.55x, offering a 23% margin of safety. With a positive outlook for free cash flow and a solid dividend yield, backed by good liquidity and cash flow, it remains a compelling investment despite some short-term challenges.
MGA has announced fourth-quarter results that exceeded expectations and predicts that its revenues for 2025 will be between $38.6 billion and $40.2 billion, down from the $42.8 billion reported in 2024.
Magna (MGA) reported quarterly earnings of $1.69 per share, which is higher than the Zacks Consensus Estimate of $1.46 per share. This is an increase compared to earnings of $1.33 per share from the same period last year.
Magna International Inc. (NYSE:MGA) will hold its Q4 2024 Earnings Conference Call on February 14, 2025, at 8:00 AM ET. The call will feature company representatives including Louis Tonelli, Swamy Kotagiri, and Patrick McCann, along with participants from various financial institutions. The operator for the call is Regina, who will assist with the proceedings.
In addition to Wall Street's predictions for Magna's (MGA) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in December 2024.
Magna (MGA) has the right mix of two important factors that could lead to better earnings in its next report. Get ready for the main expectations.
We have just put together a list of the 10 stocks that performed the worst on Monday. In this article, we will examine how Magna International Inc. (NYSE:MGA) compares to the other stocks. Ten companies started this week with major losses, reflecting a general market concern about increasing trade tensions.
Magna International's shares (MGA -7.89%) dropped by 11.6% this morning as investors reacted with fear after President Donald Trump revealed his intention to introduce significant import tariffs over the weekend. This includes a 25% tax on imports from Canada and Mexico, as well as a 10% tax on goods from China.
AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As original equipment manufacturers (OEMs) focus more on hybrid solutions in their electrification plans, Magna has received its first award for a Dedicated Hybrid Drive (DHD) Duo system from a major Chinese OEM. This award highlights Magna's dedication to innovation and sustainability, along with its adaptable method of providing power to wheels.
MGA has announced that its Q3 results were not as good as anticipated and now predicts that its revenues for 2024 will be between $42.2 billion and $43.2 billion. This is a decrease from the previous estimate of $42.5 billion to $44.1 billion.