Magna International Inc. (MGA)
| Market Cap | 16.92B |
| Revenue (ttm) | 41.91B |
| Net Income (ttm) | 1.04B |
| Shares Out | 286.36M |
| EPS (ttm) | 3.61 |
| PE Ratio | 16.37 |
| Forward PE | 8.88 |
| Dividend | $1.84 (3.11%) |
| Ex-Dividend Date | Nov 16, 2023 |
| Volume | 618,839 |
| Open | 59.36 |
| Previous Close | 59.57 |
| Day's Range | 59.08 - 59.83 |
| 52-Week Range | 46.71 - 68.92 |
| Beta | 1.68 |
| Analysts | Hold |
| Price Target | 64.00 (+8.33%) |
| Earnings Date | Feb 9, 2024 |
About MGA
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. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, lift... [Read more]
Financial Performance
In 2022, MGA's revenue was $37.84 billion, an increase of 4.41% compared to the previous year's $36.24 billion. Earnings were $592.00 million, a decrease of -60.90%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for MGA stock is "Hold." The 12-month stock price forecast is $64.0, which is an increase of 8.33% from the latest price.
News
Magna Enhances ADAS Capabilities by Joining 5G Innovation Program
AURORA, Ontario, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Magna, a leading global mobility technology company, is enhancing its automated driving capabilities by joining NorthStar – Telia Sweden and Ericsson...
Canadian union Unifor, Magna resume bargaining after strike at seating plant
Canadian labour union Unifor said on Thursday it has returned to the bargaining table with Magna International after workers staged a walkout at the auto parts supplier's Integram seat manufacturing f...
Magna raises 2023 profit forecast, flags impact from UAW strikes
Canadian auto parts supplier Magna International raised its 2023 profit forecast on Friday, but flagged an impact from the United Auto Workers (UAW) union strike in North America.
Magna Announces Third Quarter 2023 Results
AURORA, Ontario, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2023.
Magna Announces Date for Q3 2023 Results Call
AURORA, Ontario, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q3 2023 RESULTS CALL FRIDAY – NOVEMBER 3, 2023 8:00 AM ET DIAL IN NUMBERS Toll...
Auto parts makers' stocks rally, as UAW's expanded strike provides a boost
Shares of auto parts makers traded mostly higher Friday, after the United Auto Workers union said it was expanding its strike to nearly 40 in-house auto-parts distribution centers of General Motors Co...
Magna raises full-year 2025 sales forecast
Canada's Magna International on Thursday raised its sales forecast for fiscal 2025, on the back of sustained demand for parts, sensors and electrified powertrain systems.
Magna to Hold Virtual Investor Event, Updates 2025 Outlook
AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual inves...
Magna Brings Next Generation Front Camera Module to Market With European OEM
SAILAUF, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) -- During its IAA Mobility 2023 press conference, Magna announced the start of production of its innovative Gen5 front camera module system for a Euro...
LG Magna e-Powertrain Expands Footprint With New Facility in Hungary
Joint Venture adds 4th Production Facility to Support Con-tinued Growth in EV Market Joint Venture adds 4th Production Facility to Support Con-tinued Growth in EV Market
Magna Commits to Achieve Net-Zero by 2050
AURORA, Ontario, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship by submitting net-zero emissions targets...
Magna lifts annual forecasts as results beat estimates on parts demand
Magna International on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on strong demand for auto parts as supply chain constraints eased.
Magna Announces Second Quarter 2023 Results
AURORA, Ontario, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2023.
Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magna is dedicated to advancing its electric driveline systems and powertrain technologies by prioritizing efficiency, safety, dynamics, and convenie...
onsemi and Magna Sign Strategic Agreements to Invest in Silicon Carbide for Growing Electric Vehicle Market
SCOTTSDALE, Ariz. & AURORA, Ontario--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Magna (NYSE: MGA; TSX: MG), a mobility technology company and one...
Auto supplier Magna to invest $790 mln to build three new facilities
Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's BlueOval City camp...
Magna Announces Date for Q2 2023 Results Call
AURORA, Ontario, July 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q2 2023 RESULTS CALL FRIDAY – AUGUST 4, 2023 8:00 AM ET DIAL IN NUMBERS Toll-...
Magna Completes Acquisition of Veoneer Active Safety Business
AURORA, Ontario, June 01, 2023 (GLOBE NEWSWIRE) -- Magna strengthens its active safety business with the completion of its acquisition of Veoneer Active Safety from SSW Partners. The deal, which close...
Magna Announces 2023 Annual Meeting Results
AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A tota...
Magna Announces First Quarter 2023 Results
AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2023.
Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announce...
Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) -- The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its...
Magna Announces Date for Q1 2023 Results Call
AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q1 2023 RESULTS CALL FRIDAY – MAY 5, 2023 8:00 AM ET DIAL IN NUMBERS Toll-Fre...
Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive
AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufa...