MG.TO - Magna International Inc.

Toronto - Toronto Delayed Price. Currency in CAD
44.98
+0.08 (+0.18%)
At close: 4:00PM EDT
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Previous Close44.90
Open45.36
Bid45.00 x 0
Ask45.05 x 0
Day's Range43.68 - 45.50
52 Week Range33.22 - 76.11
Volume747,377
Avg. Volume1,106,307
Market Cap13.64B
Beta (5Y Monthly)1.44
PE Ratio (TTM)8.05
EPS (TTM)5.59
Earnings DateMay 06, 2020 - May 10, 2020
Forward Dividend & Yield2.32 (5.17%)
Ex-Dividend DateMar. 04, 2020
1y Target Est66.02
  • GlobeNewswire

    MAGNA POSTS 2019 ANNUAL REPORT

    AURORA, Ontario, March 27, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 Annual Report, including Management’s Discussion and Analysis and.

  • Magna withdraws guidance due to business uncertainty caused by COVID-19 outbreak
    The Canadian Press

    Magna withdraws guidance due to business uncertainty caused by COVID-19 outbreak

    AURORA, Ont. — Magna International Inc. has withdrawn its 2020 outlook because of the "high degree of business uncertainty" caused by the COVID-19 pandemic.The Aurora, Ont.-based auto parts company says many of its plants, particularly in North America and Europe, have reduced or suspended operations as auto companies have scaled back because of the outbreak.The company says its operations in China are also still ramping up and below levels expected earlier this year, after an extended downtime in February.Magna had reaffirmed its outlook in its Feb. 21 quarterly results of between US$38 billion and US$40 billion, but said at the time that it was too early to assess the true impact of the outbreak.With auto production down, Magna says it has repurposed factories in Europe to help produce masks, with production as of Thursday up to about 51,000 a day. Similar facilities in Mexico are producing about 2,000 a day but still ramping up.The company says it's also in discussions with automakers to provide parts for ventilators, face shields and other equipment.This report by The Canadian Press was first published March 27, 2020.Companies in this story: (TSX:MG)The Canadian Press

  • GlobeNewswire

    MAGNA PROVIDES UPDATE ON CURRENT COVID-19 ACTIONS AND WITHDRAWS OUTLOOK

    AURORA, Ontario, March 26, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today provided an update on a number of actions related to the COVID-19 pandemic. Magna has.

  • 3 Scary Reasons Why the Market Crash Could Get Much Worse
    The Motley Fool

    3 Scary Reasons Why the Market Crash Could Get Much Worse

    The Magna International stock is just one of the many companies under duress due to a market crash. However, the carnage is not over, and could get worse because of three scary reasons.The post 3 Scary Reasons Why the Market Crash Could Get Much Worse appeared first on The Motley Fool Canada.

  • What to Avoid Buying in This Circuit-Breaking Market Crash
    The Motley Fool

    What to Avoid Buying in This Circuit-Breaking Market Crash

    As the stock market plunges further, investors should resist the urge to buy the stocks of potential value traps as we head into recession.The post What to Avoid Buying in This Circuit-Breaking Market Crash appeared first on The Motley Fool Canada.

  • Magna (MGA) Down 50.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    Magna (MGA) Down 50.7% Since Last Earnings Report: Can It Rebound?

    Magna (MGA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Trudeau announces support for manufacturers to make medical supplies
    Yahoo Finance Canada

    Trudeau announces support for manufacturers to make medical supplies

    The Canadian government unveiled new measures to support manufacturers across the country produce medical supplies and equipment to fight the spread and impact of the coronavirus.

  • TFSA Investors Beware: 3 Stocks That Could Have Further to Fall
    The Motley Fool

    TFSA Investors Beware: 3 Stocks That Could Have Further to Fall

    TFSA Investors should look to re-balance their portfolios and avoid overly cyclical stocks, including Linamar Corp. (TSX:LNR).The post TFSA Investors Beware: 3 Stocks That Could Have Further to Fall appeared first on The Motley Fool Canada.

  • 3 Cheap Stocks That the Market Crash Slaughtered
    The Motley Fool

    3 Cheap Stocks That the Market Crash Slaughtered

    The stomach-jarring drops of the last few weeks have slaughtered stocks like Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR). These dividend giants are now cheap with great yields, so start adding them slowly and cautiously.The post 3 Cheap Stocks That the Market Crash Slaughtered appeared first on The Motley Fool Canada.

  • 2 Dirt-Cheap TSX Dividend Stocks to Buy Right Now
    The Motley Fool

    2 Dirt-Cheap TSX Dividend Stocks to Buy Right Now

    Buy cheap dividend stocks like Magna International to receive more dividend income while beating the market!The post 2 Dirt-Cheap TSX Dividend Stocks to Buy Right Now appeared first on The Motley Fool Canada.

  • Is Now the Time to Buy Magna Stock?
    The Motley Fool

    Is Now the Time to Buy Magna Stock?

    Is the automotive industry on the decline or on the rise? Read here to find out more about automotive companies, including Canada-based parts supplier Magna International Inc. (TSX:MG)(NYSE:MGA).The post Is Now the Time to Buy Magna Stock? appeared first on The Motley Fool Canada.

  • Dirt-Cheap Dividend Stocks to Buy in March 2020
    The Motley Fool

    Dirt-Cheap Dividend Stocks to Buy in March 2020

    Buy cheap dividend stocks like Scotiabank (TSX:BNS)(NYSE:BNS) stock to receive more dividend income while beating the market!

  • Alphabet’s Waymo Raises $2.25 Billion For Driverless Cars
    Bloomberg

    Alphabet’s Waymo Raises $2.25 Billion For Driverless Cars

    (Bloomberg) -- Waymo raised $2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc.’s autonomous vehicle unit has taken outside funds.Silver Lake Management LLC, a private equity firm, led the round, which also includes auto manufacturer Magna International Inc., car seller AutoNation Inc., Abu Dhabi’s Mubadala Investment Co. and the Canada Pension Plan Investment Board. “We’ve always approached our mission as a team sport,” John Krafcik, Waymo’s chief executive officer, wrote in a blog post Monday. The $2.25 billion number is an “initial” close, he also noted, suggesting the deal may grow. Financing rounds from Alphabet and outsiders will be a “pattern” going forward, Krafcik, a former Detroit executive who joined Waymo in 2015, said during a call with reporters.The deal helps Google parent Alphabet spread the cost of funding Waymo as the unit pushes ahead to commercialize its autonomous driving technology. Krafcik also suggested the parent company could eventually spin Waymo off into an independent business.“It’s always been on the road map for Alphabet as a possibility for some of these ‘Other Bets’ like Waymo to become completely independent, spun-out entities, so it’s certainly a possibility in the future for us,” the CEO said.Alphabet’s “Other Bets” division, which includes Waymo, has absorbed billions of dollars in losses in recent years. Other businesses that are part of this division have taken outside funding, too. Early last year, Verily, the company’s biotech arm, raised money from Silver Lake and other backers.Waymo is also setting up an operating board, its first outside oversight to date. Silver Lake co-CEO Egon Durban and Ryan Selwood from the Canada Pension plan will join the board.Krafcik said Waymo wants to expand its driverless fleet to new locations, mentioning the Middle East as one possibility, but he declined to share details. He also didn’t disclose Waymo’s new valuation from Monday’s deal.“We certainly do see this as validation of the work we’ve been doing at Waymo and the potential before us,” Krafcik added.The company is also merging its local delivery and long-haul trucking operations into a single business line called Waymo Via. Waymo One is the ride-hailing service that the company operates in suburban Phoenix and plans to expand to other cities.With both divisions, said Krafcik, Waymo would follow parallel paths of building owned-and-operated services and partnering with other providers.(Updates with CEO comments from fourth paragraph.)To contact the reporters on this story: Mark Bergen in San Francisco at mbergen10@bloomberg.net;Ira Boudway in New York at iboudway@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TFSA Investors: 3 Dividend Stocks That Just Raised Their Payouts
    The Motley Fool

    TFSA Investors: 3 Dividend Stocks That Just Raised Their Payouts

    Magna International Inc (TSX:MG)(NYSE:MGA) and these two other dividend stocks are known for paying and increasing their dividends.

  • Magna International Inc. (TSE:MG) Looks Interesting, And It's About To Pay A Dividend
    Simply Wall St.

    Magna International Inc. (TSE:MG) Looks Interesting, And It's About To Pay A Dividend

    Readers hoping to buy Magna International Inc. (TSE:MG) for its dividend will need to make their move shortly, as the...

  • Magna CEO: Anti-pipeline blockades are 'insane' and risk Canada's prosperity
    Yahoo Finance Canada

    Magna CEO: Anti-pipeline blockades are 'insane' and risk Canada's prosperity

    The chief executive of Canada’s largest automotive parts manufacturer said the anti-pipeline protests that have disrupted the country’s supply chain over the last few weeks are “crazy” and “insane” and could damage Canada’s long-term prosperity.

  • Did Changing Sentiment Drive Magna International's (TSE:MG) Share Price Down By 10%?
    Simply Wall St.

    Did Changing Sentiment Drive Magna International's (TSE:MG) Share Price Down By 10%?

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...

  • GlobeNewswire

    Magna to Hold Investor Day

    AURORA, Ontario, Feb. 27, 2020 -- Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold an.

  • Thomson Reuters StreetEvents

    Edited Transcript of MG.TO earnings conference call or presentation 21-Feb-20 12:00pm GMT

    Q4 2019 Magna International Inc Earnings Call

  • GlobeNewswire

    Paving the Way to Powertrain Electrification

    Magna is helping automakers prepare for a future that emphasizes electrificationMagna’s new e4 technology demonstrator car sets a new benchmark in EV efficiency, driving.

  • Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
    Zacks

    Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y

    Magna (MGA) projects consolidated revenues of $38-$40 billion for the current year.

  • TFSA Investor: 1 High-Yield Dividend Stock That Yields Up to 4.96%
    The Motley Fool

    TFSA Investor: 1 High-Yield Dividend Stock That Yields Up to 4.96%

    The race is on between the celebrated Magna stock and the underdog New Flyer stock. TFSA investors have two excellent investment options in the automotive sector offering dividends and capital gains.

  • Magna says some plants in China still offline, parts supplies a concern
    The Canadian Press

    Magna says some plants in China still offline, parts supplies a concern

    AURORA, Ont. — Magna International Inc. says its operations in China are still running under capacity because of the novel coronavirus outbreak, but that it's too early to say what the long-term impacts might be.The Aurora, Ont.-based auto parts maker says that many of its 55 manufacturing plants and 13 development and sales offices are back up and running, though not at full capacity, while some are still closed. The biggest impacts for Magna of the virus known as COVID-19, however, may be from disrupted parts shipments to its larger operations aboard, said CEO Don Walker on a conference call Friday."We are relatively small in China, so the biggest thing that I'm interested in, quite frankly is, is the production holes in the shipments that are coming back to Europe and North America."Company CFO Vincent Galifi said the company is still uncertain what kind of effect the outbreak will have on sales. It also doesn't yet know what additional costs it will incur due to plant inefficiencies resulting from their lower staffing levels."It is too early to tell. Our plants have been resuming operations, albeit at lower utilization levels. We'll get a better feel as we get to the end of Q1," said Galifi.He said that the company doesn't expect to take longer-term impairment charges because of the virus, as production levels should return to normal eventually.The company has maintained its 2020 outlook, though it notes it has not made any adjustments from COVID-19 since it's still too early to say when customer operations will fully resume, how well they will be able to recover lost production, and what risks there are to the supply chain. Uncertainty on the virus did not stop the company from raising its quarterly dividend to 40 cents per share, up from 36.5 cents per share, as it reported a fourth-quarter profit attributable to the company of US$440 million.The increased payment to shareholders came as Magna says its latest profit amounted to US$1.43 per diluted share compared with a profit US$456 million or US$1.37 per diluted share a year ago when it had more shares outstanding.Sales for the company, which keeps its books in U.S. dollars, totalled nearly $9.4 billion, down from $10.1 billion in the fourth quarter of 2018. Sales were hit by the protracted General Motors strike that contributed to a seven per cent cut in light vehicle production, as well as a three per cent decline in European production.On an adjusted basis, Magna says it earned $1.41 per diluted share in its most recent quarter, down from an adjusted profit of $1.63 per diluted share in the same quarter a year earlier.Analysts on average had expected an adjusted profit of $1.33 per share, according to financial markets data firm Refinitiv.This report by The Canadian Press was first published Feb. 21, 2020.Companies in this story: (TSX:MG)The Canadian Press

  • Baystreet

    Stocks in play: Magna International Inc

    Reported financial results for the fourth quarter and year ended December 31, 2019. Fourth-Quarter 2019 ...

  • GlobeNewswire

    Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%

    Fourth Quarter 2019 Highlights Cash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases.