Magna International (NYSE:MGA – Get Free Report) (TSE:MG) announced its quarterly earnings data on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18), RTT News reports. Magna International had a net margin of 2.83% and a return on equity of 13.15%. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. Magna International updated its FY 2024 guidance to EPS.
Magna International Trading Down 3.6 %
Shares of Magna International stock traded down $1.72 during trading on Friday, hitting $46.70. The stock had a trading volume of 3,988,059 shares, compared to its average volume of 1,676,348. The stock has a market cap of $13.42 billion, a PE ratio of 11.07, a PEG ratio of 0.49 and a beta of 1.69. Magna International has a 12 month low of $46.11 and a 12 month high of $65.27. The firm’s fifty day simple moving average is $52.00 and its 200-day simple moving average is $53.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.71.
Magna International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 16th. Magna International’s payout ratio is 45.02%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Magna International
About Magna International
Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.
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