Cormark Weighs in on Magna International Inc.’s Q3 2017 Earnings (MG)
Magna International Inc. (TSE:MG) (NYSE:MGA) – Research analysts at Cormark lowered their Q3 2017 earnings estimates for shares of Magna International in a research report issued to clients and investors on Tuesday. Cormark analyst D. Tyerman now expects that the company will earn $1.60 per share for the quarter, down from their previous forecast of $1.69. Cormark also issued estimates for Magna International’s FY2017 earnings at $7.45 EPS, FY2018 earnings at $9.11 EPS, FY2019 earnings at $10.50 EPS, FY2020 earnings at $11.72 EPS and FY2021 earnings at $13.02 EPS.
Magna International (TSE MG) opened at 70.90 on Thursday. Magna International has a 12 month low of $49.44 and a 12 month high of $71.13. The company’s 50 day moving average price is $65.62 and its 200 day moving average price is $60.83. The firm has a market capitalization of $26.23 billion and a P/E ratio of 12.81.
About Magna International
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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