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 Date2/28/2020 (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 Friday, November 8th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.365 per share on Friday, December 6th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 21st. View Magna International's Dividend History.
When did Magna International's stock split? How did Magna International's stock split work?
Magna International shares 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 issued 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) announced its earnings results on Friday, November, 8th. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.38 by $0.03. The firm earned $9.32 billion during the quarter, compared to the consensus estimate of $9.32 billion. Magna International had a return on equity of 17.59% and a net margin of 4.43%. Magna International's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 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 2020
Pre-Market earnings guidance on Thursday, January, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $38-40 billion, compared to the consensus revenue estimate of $39.61 billion.
What price target have analysts set for MGA?
14 analysts have issued 12 month price objectives for Magna International's stock. Their forecasts range from $42.00 to $76.00. On average, they anticipate Magna International's stock price to reach $58.55 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Price Targets for Magna International.
What is the consensus analysts' recommendation for Magna International?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magna International in the last year. There are currently 1 sell rating, 7 hold ratings and 6 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. According to Zacks Investment Research, "Magna focuses on innovation and technology development for growth and program launches across its business segments to meet the rising demand for crossover & SUVs. It is expanding its business through joint ventures and hub openings while divesting non-core units. Further, strong cash flow aids Magna to engage in share buybacks and regular dividend payouts in almost every quarter. However, fluctuating foreign currencies and a stronger U.S. dollar along with customer price concessions are likely to hurt the bottom line. Soaring commodity and launch costs, and operational inefficiencies in the seating segment is also a concern. Material decline in global GDP or light vehicle production is expected to negatively weigh on investor sentiments. Other headwinds include, declining consolidated revenues and EBIT margin projections for full-year 2019." (1/15/2020)
- 2. 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)
Has Magna International been receiving favorable news coverage?
News coverage about MGA stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Magna International earned a news impact score of 0.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Magna International.
Are investors shorting Magna International?
Magna International saw a decline in short interest in December. As of December 31st, there was short interest totalling 1,940,000 shares, a decline of 16.4% from the December 15th total of 2,320,000 shares. Based on an average daily volume of 706,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.7% of the company's stock are short sold. 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 Aptiv (APTV), Continental (CTTAY), Icahn Enterprises (IEP), BorgWarner (BWA), Lear (LEA), Gentex (GNTX), VALEO/S (VLEEY), ISUZU MOTORS LT/ADR (ISUZY), Dongfeng Motor Group (DNFGY), Autoliv (ALV), Allison Transmission (ALSN), LCI Industries (LCII), Dorman Products (DORM), Dana (DAN) and Adient (ADNT).
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 many different of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.37%), Marathon Asset Management LLP (0.12%), James Investment Research Inc. (0.07%), DNB Asset Management AS (0.06%), United Services Automobile Association (0.02%) and Janney Montgomery Scott LLC (0.01%).
Which major investors are selling Magna International stock?
MGA stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Squar Milner Financial Services LLC, Ellis Investment Partners LLC, IFP Advisors Inc, Tocqueville Asset Management L.P., CENTRAL TRUST Co and James Investment Research Inc..
Which major investors are buying Magna International stock?
MGA stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Marathon Asset Management LLP, United Services Automobile Association, Cerebellum GP LLC, Kendall Capital Management and Janney Montgomery Scott 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 $52.90.
How big of a company is Magna International?
Magna International has a market capitalization of $16.04 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.
