Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.
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Industry, Sector and Symbol
Industry Motor vehicle parts & accessories
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Phone905-726-2462
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$40.83 billion
Profitability
Miscellaneous
Employees174,000
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable
Magna International (NYSE:MGA) Frequently Asked Questions
What is Magna International's stock symbol?
Magna International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGA."
How often does Magna International pay dividends? What is the dividend yield for Magna International?
Magna International declared a quarterly dividend on Thursday, August 8th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.365 per share on Friday, September 6th. This represents a $1.46 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 22nd. View Magna International's Dividend History.
When did Magna International's stock split? How did Magna International's stock split work?
Magna International's stock split on the morning of Thursday, March 26th 2015. The 2-1 split was announced on Wednesday, February 25th 2015. The newly minted shares were payable to shareholders after the closing bell on Wednesday, March 25th 2015. An investor that had 100 shares of Magna International stock prior to the split would have 200 shares after the split.
How were Magna International's earnings last quarter?
Magna International Inc. (NYSE:MGA) posted its quarterly earnings results on Thursday, August, 8th. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.05. The business earned $10.13 billion during the quarter, compared to analyst estimates of $9.91 billion. Magna International had a net margin of 6.35% and a return on equity of 18.19%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. View Magna International's Earnings History.
When is Magna International's next earnings date?
What guidance has Magna International issued on next quarter's earnings?
Magna International updated its FY 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $38.9-41.1 billion, compared to the consensus revenue estimate of $40.24 billion.
What price target have analysts set for MGA?
12 brokerages have issued 12-month price objectives for Magna International's stock. Their predictions range from $51.00 to $72.00. On average, they expect Magna International's share price to reach $58.50 in the next year. This suggests a possible upside of 10.8% from the stock's current price. View Analyst Price Targets for Magna International.
What is the consensus analysts' recommendation for Magna International?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magna International.
What are Wall Street analysts saying about Magna International stock?
Here are some recent quotes from research analysts about Magna International stock:
- 1. Evercore ISI analysts commented, "We reiterate our MGA PT) based on a reduced secular story (ADAS L2.5+ execution worrying; Electrification/Powertrain continuing to be a 4 letter word globally for suppliers), but highlight that MGA’s historical PE trading range of 6.0-8.5x fwd would argue the stock now sits right below the middle of its trading range and hedge funds may cover shorts and move on to the next supplier with wobbly guidance outlook." (8/11/2019)
- 2. According to Zacks Investment Research, "Magna’s estimates for the current quarter and fiscal have undergone negative revisions lately. For 2019, Magna anticipates net income to be $1.9-$2.1 billion, lower than the prior expectation of $2.1-$2.3 billion due to higher costs. Fluctuating foreign currencies and a stronger U.S. dollar along with customer price concessions are likely to hurt the bottom line. Softening vehicle production across major markets and lower-than-expected equity income from a transmission joint venture in China adds to its woes. Nevertheless, Magna will benefit from innovation and technological development for growth and program launches to meet the rising demand for crossover & SUVs. Business expansion through joint ventures and hub openings while divesting non-core units, will also aid growth. " (7/16/2019)
Has Magna International been receiving favorable news coverage?
Media headlines about MGA stock have been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Magna International earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Magna International.
Are investors shorting Magna International?
Magna International saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,475,400 shares, an increase of 8.5% from the July 31st total of 4,125,600 shares. Based on an average daily volume of 982,700 shares, the days-to-cover ratio is presently 4.6 days. Currently, 1.6% of the company's shares are sold short. View Magna International's Current Options Chain.
Who are some of Magna International's key competitors?
Some companies that are related to Magna International include Continental (CTTAY), Aptiv (APTV), Icahn Enterprises (IEP), Dongfeng Motor Group (DNFGY), ISUZU MOTORS LT/ADR (ISUZY), VALEO/S (VLEEY), BorgWarner (BWA), Lear (LEA), Gentex (GNTX), Autoliv (ALV), Allison Transmission (ALSN), Dorman Products (DORM), LCI Industries (LCII), Adient (ADNT) and Dana (DAN).
What other stocks do shareholders of Magna International own?
Who are Magna International's key executives?
Magna International's management team includes the folowing people:
- Mr. Donald James Walker P.Eng., CEO & Director (Age 62)
- Mr. Vincent Joseph Galifi B.Com., C.A., Exec. VP & CFO (Age 59)
- Mr. Tommy J. Skudutis, Exec. VP & COO
- Mr. Seetarama Swamy Kotagiri, Exec. VP, CTO and Pres of Magna Power & Vision
- Mr. James J. Tobin Sr., Chief Marketing Officer & Pres of Magna Asia
Who are Magna International's major shareholders?
Magna International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (0.56%), Toronto Dominion Bank (0.56%), Miller Howard Investments Inc. NY (0.43%), Cornerstone Investment Partners LLC (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.39%) and Russell Investments Group Ltd. (0.40%).
Which major investors are selling Magna International stock?
MGA stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Toronto Dominion Bank, MUFG Securities EMEA plc, United Services Automobile Association, Bank of New York Mellon Corp, Sumitomo Mitsui Trust Holdings Inc., Russell Investments Group Ltd. and AGF Investments Inc..
Which major investors are buying Magna International stock?
MGA stock was bought by a variety of institutional investors in the last quarter, including Scheer Rowlett & Associates Investment Management Ltd., Prudential PLC, Cornerstone Investment Partners LLC, Connor Clark & Lunn Investment Management Ltd., IPG Investment Advisors LLC, US Bancorp DE, Cardinal Capital Management Inc. and Tiverton Asset Management LLC.
How do I buy shares of Magna International?
Shares of MGA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Magna International's stock price today?
One share of MGA stock can currently be purchased for approximately $52.80.
How big of a company is Magna International?
Magna International has a market capitalization of $16.48 billion and generates $40.83 billion in revenue each year. The company earns $2.30 billion in net income (profit) each year or $6.71 on an earnings per share basis. Magna International employs 174,000 workers across the globe.View Additional Information About Magna International.
What is Magna International's official website?
How can I contact Magna International?
Magna International's mailing address is 337 MAGNA DRIVE, AURORA A6, L4G 7K1. The company can be reached via phone at 905-726-2462 or via email at [email protected]
MarketBeat Community Rating for Magna International (NYSE MGA)
MarketBeat's community ratings are surveys of what our community members think about Magna International and other stocks. Vote "Outperform" if you believe MGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
