MG.TO - Magna International Inc.

Toronto - Toronto Delayed Price. Currency in CAD
73.85
+0.35 (+0.48%)
As of 2:07PM EST. Market open.
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Previous Close73.50
Open73.86
Bid73.84 x 0
Ask73.87 x 0
Day's Range73.42 - 74.11
52 Week Range57.34 - 76.11
Volume295,936
Avg. Volume801,542
Market Cap22.429B
Beta (3Y Monthly)1.52
PE Ratio (TTM)13.37
EPS (TTM)5.53
Earnings DateNov. 8, 2019
Forward Dividend & Yield1.93 (2.64%)
Ex-Dividend Date2019-11-21
1y Target Est66.02
  • Canadian auto parts company Martinrea loses $90M in sales due to GM strike
    Yahoo Finance Canada

    Canadian auto parts company Martinrea loses $90M in sales due to GM strike

    Another Canadian auto parts company is taking a sales hit due to GM strike.

  • GlobeNewswire

    TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

    Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 30,283,500 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 1, 2019, Magna had 305,831,639 issued and outstanding Common Shares, including a public float of 302,835,169 Common Shares.

  • Thomson Reuters StreetEvents

    Edited Transcript of MG.TO earnings conference call or presentation 8-Nov-19 1:00pm GMT

    Q3 2019 Magna International Inc Earnings Call

  • Magna International cuts 2019 outlook after GM strike in U.S. cuts volume
    The Canadian Press

    Magna International cuts 2019 outlook after GM strike in U.S. cuts volume

    Magna International Inc. has cut its outlook for the year on lost volume from the nearly six-week strike by GM workers in the United States.The Canadian auto-parts manufacturer, which reports in U.S. dollars, said Friday it now expects total sales this year of between $38.7 billion and $39.8 billion, down from between 38.9 billion and $41.1 billion.Magna also estimates 2019 net income of between $1.8 billion and $1.9 billion, a $200 million cut from the top end.The strike by 49,000 United Auto Workers shut down production at more than 30 GM facilities in the U.S. and forced GM to cut back or suspend some operations in Canada and Mexico as well — affecting suppliers like Magna.Magna chief executive Don Walker said Friday that the company, headquartered north of Toronto, in Aurora, Ont., performed fairly well given the circumstance."All things considered, including a labour strike at our largest customer, our adjusted third quarter results came in relatively in line with our expectations," Walker said on a conference call.Adjusted earnings for the quarter ending Sept. 30 came in at $1.41 per share, compared with $1.56 per share a hear earlier, but ahead of the $1.34 expected by analysts according to financial markets data firm Refinitiv.The strike, which continued until Oct. 25, will have a greater effect on fourth quarter results, the company said.Magna could regain some of the lost volume if GM runs overtime shifts, but production wouldn't be as efficient or as profitable, said Walker."[Production] may not be quite at the margins we would normally have in regular time, but it's still good for us if they're running extra volume."Unadjusted, Magna had a net loss of $233 million, or 75 cents per share, after recording a $537 million non-cash impairment charge related to its Getrag joint ventures. The ventures have been hit by declines in manual transmission demand as well as declining Chinese auto sales."We're disappointed in the recent results and future projections in the Getrag joint ventures, in particular, the growth in the Chinese joint ventures," said Walker.However, he said Magna's wholly-owned transmission business based in Europe continues to grow.This report by The Canadian Press was first published Nov. 8, 2019.Companies in this story: (TSX:MG).Ian Bickis, The Canadian Press

  • GM Strike Cost Magna (TSX:MG) $1 Billion and Boosts Internet of Things
    The Motley Fool

    GM Strike Cost Magna (TSX:MG) $1 Billion and Boosts Internet of Things

    Magna International (TSX:MG)(NYSE:MGA) reduced its annual sales and net income projections on Friday and opened lower by around $3.32 -- down 4.44% as a result.

  • Baystreet

    Data Limits Gains at Open

    Canada’s main stock index rose on Friday, as gains in the technology and health-care sectors were limited ...

  • Baystreet

    Stocks in play: Magna International Inc.

    Reported financial results for the third quarter ended September 30, 2019. Sales of $9.3 billion decreased ...

  • GlobeNewswire

    Magna Announces Third Quarter Results

    Sales of $9.3 billion decreased 3%, compared to global light vehicle production down 3%    º Labour strike at General Motors (“GM strike”) reduced third quarter salesExcluding.

  • Investing.com

    Day Ahead: Top 3 Things to Watch

    Investing.com - Here's a preview of the top three things that could rock markets tomorrow.

  • 2 Overvalued TSX Index Stocks That Could Plunge
    The Motley Fool

    2 Overvalued TSX Index Stocks That Could Plunge

    Magna International Inc. (TSX:MG)(NYSE:MGA) and another value trap that could scar your portfolio.

  • Accelerate Your Wealth Creation With This 1 Growth Stock
    The Motley Fool

    Accelerate Your Wealth Creation With This 1 Growth Stock

    Here’s why Magna International Inc. (TSX:MG)(NYSE:MGA) is a strong buy for investors bullish on the international auto industry.

  • 3 Dividend Aristocrats for Your RRSP
    The Motley Fool

    3 Dividend Aristocrats for Your RRSP

    Retirement investors should look to reliable Dividend Aristocrats like Magna International Inc. (TSX:MG)(NYSE:MGA) to fill out their portfolios.

  • GlobeNewswire

    Magna to Develop and ‘Auto Qualify’ a More Powerful and Affordable Electric Motor

    Project partners include the Illinois Institute of Technology, the University of Wisconsin-Madison and the U.S. Department of EnergyObjective is to develop an automotive-grade,.

  • GlobeNewswire

    Magna Wins Largest Contract for Transmission Technologies in Company History

    Magna to build dual-clutch transmissions including hybrid variants for strategic partner BMW GroupTechnologies for front-wheel drive vehicle platforms; over 170 different.

  • Has Magna International Inc. (TSE:MG) Improved Earnings Growth In Recent Times?
    Simply Wall St.

    Has Magna International Inc. (TSE:MG) Improved Earnings Growth In Recent Times?

    Measuring Magna International Inc.'s (TSX:MG) track record of past performance is an insightful exercise for...