MG.TO - Magna International Inc.
| Previous Close | 63.69 |
| Open | 64.29 |
| Bid | 64.79 x 0 |
| Ask | 64.81 x 0 |
| Day's Range | 64.19 - 65.00 |
| 52 Week Range | 57.34 - 76.11 |
| Volume | 675,277 |
| Avg. Volume | 816,707 |
| Market Cap | 20.345B |
| Beta (3Y Monthly) | 1.66 |
| PE Ratio (TTM) | 8.33 |
| EPS (TTM) | 7.78 |
| Earnings Date | Nov 6, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 1.94 (3.07%) |
| Ex-Dividend Date | 2019-08-22 |
| 1y Target Est | 66.02 |
- The Motley Fool
3 TSX Dividend Stocks Absolutely Loaded With Cash
These three TSX dividend giants are absolutely loaded with cash, including Chemtrade Logistics Income Fund (TSX:CHE.UN), which pays its shareholders a 11.7% annual dividend yield.
- The Motley Fool
TFSA Investors: This Stock Could Be 1 of the Best Investments of 2020
How has leading auto parts manufacturer Magna International Inc. (TSX:MG)(NYSE:MGA) created competitive advantages in the world of electrification, automation, and smart mobility? Read to find out.
- Simply Wall St.
Magna International Inc. (TSE:MG) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Magna...
- Thomson Reuters StreetEvents
Edited Transcript of MG.TO earnings conference call or presentation 8-Aug-19 12:00pm GMT
Q2 2019 Magna International Inc Earnings Call
- GlobeNewswire
Magna Celebrates Opening of New Electronics Facility
Magna celebrated the opening of a new electronics manufacturing facility today in Grand Blanc Township, Michigan. The facility consolidates three nearby locations into a single state-of-the-art facility that combines 21st-century manufacturing with people-first workplace design and functionality. The new facility allows Magna to accelerate large-scale deployment of future technologies such as advanced driver assistance systems (ADAS), advanced robotics and micro-LED lighting.
- Simply Wall St.
Do You Know About Magna International Inc.’s (TSE:MG) ROCE?
Today we'll look at Magna International Inc. (TSE:MG) and reflect on its potential as an investment. To be precise...
- The Motley Fool
Is it Time to Buy This Award-Winning Automotive Supplier Stock?
Will you buy discounted Magna International Inc. (TSX:MG)(NYSE:MGA) stock today or wait?
Motley FoolMagna International (MGA) Q2 2019 Earnings Call Transcript
MGA earnings call for the period ending June 30, 2019.
- Motley Fool
Magna International Profit Drops 28% on Slumping Auto Sales
Automakers are cutting production as auto sales slide.
- The Canadian Press
Magna International shares rise despite lower Q2 profit and sales outlook cut
AURORA, Ont. — Shares in Magna International Inc. rose by as much as 4.6 per cent on Thursday despite the auto parts maker cutting its sales forecast for the year and reporting lower second-quarter sales and earnings.The stock traded as high as $67.40, up $2.99, on Thursday morning, before receding."We posted solid second quarter sales and adjusted diluted earnings per share despite a challenging global production environment," said chief financial officer Vince Galifi on a conference call, citing higher costs in its active driver assistance systems business, lower equity income and the impact of divestitures and foreign currency translation due to the strong U.S. dollar."Overall, our results came in slightly ahead of our internal expectations for the quarter."On an organic basis, sales increased five per cent compared to a six per cent decline in global vehicle production, said Galifi. But the company said total sales including currency translation and divestitures decreased by one per cent to US$10.1 billion.The company, which reports its financial results in U.S. dollars, released a 2019 sales outlook range that's $200 million lower than previous guidance at between $38.9 billion and $41.1 billion.The outlook changes are "relatively minor," Galifi said on the call, and include lower assumptions for light vehicle production volumes in each of its principal markets in North America, Europe and China.Adjusted earnings were also lowered, by 10 basis points to between 6.6 and 6.9 per cent, mainly reflecting a reduction in seating systems division margins. Capital spending was reduced to $1.6 billion from about $1.7 billion.The results were "mostly" in line with expectations, said analyst Peter Sklar of BMO Capital Markets."We estimate that excluding the FP&C (Fluid Pressure and Controls) divestiture (in March), Magna's adjusted operating income was approximately flat year-over-year, which supports our investment thesis that during periods of flat-to-declining global light vehicle production, it is difficult for auto parts manufacturers to grow earnings," he wrote in a report.Magna's net income was $452 million on revenue of $10.13 billion, down from $626 million on $10.28 billion of revenue in last year's second quarter.Adjusted net income fell to $509 million or $1.59 per share, from $590 million or $1.67 per share.The results beat analyst estimates of $9.88 billion of revenue and $489 million or $1.53 per share of adjusted net income, according to financial markets data firm Refinitiv. Companies in this story: (TSX:MG)The Canadian Press
- GlobeNewswire
Magna Announces Second Quarter Results
Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%Excluding foreign currency translation and divestitures net of acquisitions, sales up 5%.
- The Motley Fool
3 Value Stocks for Your TFSA Account
Here are three dividend-paying value stocks that investors should consider for inclusion in their TFSA accounts, including Molson Coors Brewing Co. (TSX:TPX.B)(NYSE:TAP), which raised its quarterly dividend by 39% in July.
- The Motley Fool
TFSA Investors: 3 Dividend Stocks on Sale Yielding up to 7.4%
Magna International Inc (TSX:MG)(NYSE:MGA) and these two other dividend stocks have dropped in value over the past three months, and it could be a great time for investors to lock in some high yields.
- GlobeNewswire
Magna Grows Seat Business With New Ohio Facility
Magna has won new seating business in North America with a global automaker and will supply seat structures from a new manufacturing facility in Lancaster, Ohio. The company held a groundbreaking ceremony today at the site where construction has recently started on the 150,000-square-foot facility with an initial investment of approximately $60 million. The event was attended by Magna CEO Don Walker, U.S. Representative Steve Stivers, and U.S. Vice President Mike Pence.
- The Motley Fool
2 Stocks to Buy When Tesla (NASDAQ:TSLA) Reveals Its Pickup Truck
Find out why Magna International (TSX:MG)(NYSE:MGA) and Lithium Americas Corp. (TSX:LAC)(NYSE:LAC) are your best ways to bet on the success of Tesla Inc (NASDAQ:TSLA).
- Simply Wall St.
Is Magna International Inc. (TSE:MG) A Smart Pick For Income Investors?
Today we'll take a closer look at Magna International Inc. (TSE:MG) from a dividend investor's perspective. Owning a...
- The Motley Fool
Why Americans Are Bullish on Canada’s Magna (TSX:MG) Stock
There are several reasons why Americans like Magna International Inc. (TSX:MG)(NYSE:MGA) stock right now – but should Canadian investors agree?
- The Motley Fool
TFSA Investors: 3 Stocks Paying Up to 6.1% That Can Help Diversify Your Portfolio
First National Financial Corp (TSX:FN) is one of three great stocks that dividend investors can add to their portfolios today to help grow their wealth.
- GlobeNewswire
Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China
Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation. Executives from both companies and Zhenjiang government officials attended the celebration.
- The Motley Fool
What to Expect from Automotive Stocks in 2019
Magna International Inc (TSX:MG)(NYSE:MGA) grows its dividend but fails to attract investors.
- Simply Wall St.
Why Magna International Inc.'s (TSE:MG) CEO Pay Matters To You
Don Walker has been the CEO of Magna International Inc. (TSE:MG) since 2010. This report will, first, examine the CEO...
- The Motley Fool
3 Blue Chip Stocks Set to Outperform Now That Interest Rates Are Lower
Three Canadian blue-chip stocks poised to benefit from lower interest rates including Royal Bank of Canada (TSX:RY)(NYSE:RY) thanks to its strengths in wealth management.
- Baystreet
TSX Fights Way Higher
Equities in Canada’s largest market made their way doggedly higher by the end of Thursday’s session, ...
