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

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

Magna International (TSE:MG - Get Free Report) NYSE: MGA last announced its quarterly earnings results on Friday, February 9th. The company reported C$1.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$14.23 billion for the quarter, compared to analyst estimates of C$14.30 billion.

Magna International Stock Performance

Shares of MG stock traded up C$0.61 during trading on Friday, reaching C$67.15. The company had a trading volume of 505,406 shares, compared to its average volume of 1,017,750. The firm's 50 day simple moving average is C$71.52 and its two-hundred day simple moving average is C$73.32. The company has a debt-to-equity ratio of 58.83, a current ratio of 1.06 and a quick ratio of 0.83. Magna International has a one year low of C$64.41 and a one year high of C$87.00. The company has a market capitalization of C$19.29 billion, a PE ratio of 11.74, a PEG ratio of 0.58 and a beta of 1.68.

Magna International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Magna International's previous quarterly dividend of $0.46. The ex-dividend date was Thursday, February 22nd. Magna International's dividend payout ratio (DPR) is presently 44.76%.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price objective on 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 other Magna International news, Director Seetarama Swamy Kotagiri sold 20,906 shares of Magna International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$53.98, for a total value of C$1,128,476.61. In other Magna International news, Director Seetarama Swamy Kotagiri sold 20,906 shares of Magna International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$53.98, for a total value of C$1,128,476.61. Also, Senior Officer Bruce Cluney sold 9,292 shares of Magna International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$54.15, for a total value of C$503,164.59. In the last ninety days, insiders have sold 34,844 shares of company stock valued at $1,887,403. Corporate insiders own 6.10% of the company's stock.

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.