Magna International (NYSE:MGA – Get Free Report) (TSE:MG) released its quarterly earnings results on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.18), RTT News reports. Magna International had a net margin of 2.35% and a return on equity of 12.97%. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the firm posted $1.11 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Magna International updated its FY 2024 guidance to EPS.
Magna International Trading Down 3.6 %
MGA stock opened at $46.70 on Monday. The firm has a market cap of $13.42 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.69. The firm has a fifty day moving average price of $52.00 and a 200 day moving average price of $53.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 1.06. Magna International has a fifty-two week low of $46.11 and a fifty-two week high of $65.27.
Magna International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.07%. Magna International’s dividend payout ratio is currently 53.98%.
Analyst Ratings Changes
Read Our Latest Analysis on Magna International
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.
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