43.77 0.00 (0.00%)
After hours: 4:43PM EDT
|Bid||43.94 x 800|
|Ask||45.01 x 900|
|Day's Range||42.28 - 44.20|
|52 Week Range||22.75 - 57.09|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||14.75|
|Forward Dividend & Yield||1.60 (3.80%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||47.67|
Amid coronavirus-led uncertainty and financial crisis, Magna International (MGA) halts the stock buyback program until further notice. It also refrains from providing annual view for 2020.
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AURORA, Ontario, May 07, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2020 annual meeting of shareholders held on May 7, 2020..
AURORA, Ont. — Magna International Inc. says its first quarter earnings were down significantly from last year as the company was hit by factory shutdowns across its global operations.The autoparts maker, which reports in U.S. dollars, says it had a net income of $261 million, or 86 cents per diluted share for the quarter ending March 31, compared with net income of $1.1 billion or $3.39 per share a year earlier.Revenue came in at $8.66 billion, down from $10.59 billion a year earlier.The Aurora, Ont.-based company says its results were first hit by shutdowns in China in January followed by Europe and North America that altogether resulted in lost revenue of about $1.1 billion.The company says auto production in China has generally resumed, while facilities in Europe are starting to return to production and factories in North America are preparing to restart in the next few weeks.It says that because of the uncertainty it is still unable to assess the impact of the pandemic on its financial results for the year. Companies in this story: (TSX:MG)The Canadian Press
Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on.
Stock cannibals like Magna International (TSX:MG)(NYSE:MGA) and Canadian National Railway (TSX:CNR)(NYSE:CNI) were being smart buyers back in March. The post These 3 Stock Cannibals Are Just What Your Portfolio Needs appeared first on The Motley Fool Canada.
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Is Magna International Inc. (TSE:MG) a good dividend stock? How can we tell? Dividend paying companies with growing...
Manga International Inc. (TSX:MG)(NYSE:MGA) bounced considerably off its March lows, but I'm still not convinced the stock is worth hanging onto amid the market rally.The post 1 Stock I'd Be Tempted to Sell on the Market Rally appeared first on The Motley Fool Canada.
AURORA, Ontario, April 16, 2020 -- Magna International Inc. (TSX:MG) (NYSE:MGA) FIRST QUARTER 2020 RESULTS CONFERENCE CALLTHURSDAY – MAY 7, 20208:00 AM ET DIAL IN NUMBERSNorth.
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it filed a preliminary short form base shelf prospectus (“shelf prospectus”) with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the "SEC") on Form F-10. Once the final short form base shelf prospectus is receipted by the OSC and the shelf registration statement becomes effective, these filings will, subject to securities regulatory requirements, qualify for issuance up to an aggregate of US$2.0 billion of debt securities from time to time over a 25-month period.
These 3 top TSX stocks look attractive due to their strong dividend profile and discounted valuation particularly after the selloff. The post 3 TSX Stocks to Deal With Volatile Markets appeared first on The Motley Fool Canada.
Magna International Inc. (TSX:MG)(NYSE:MGA) and another stock that prudent investors would be wise to avoid in the face of a recession.The post Market Crash: 2 Stocks I Wouldn't Touch With a Barge Pole appeared first on The Motley Fool Canada.
The onslaught in the oil market has significantly devalued the Canadian dollar. But the lousy loonie could mean decent exports for some of the major industries in the country.The post Lousy Loonie Could Rocket These 2 Stocks to the Stratosphere appeared first on The Motley Fool Canada.
The Magna stock price has been crushed, but a long-term focus will bring us back to the stock's cheap valuation and the company's strong balance sheet.The post Why Magna Stock Price Fell 26.5% in March appeared first on The Motley Fool Canada.
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.
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
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.
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.
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