Magna International (NYSE:MGA – Get Free Report) (TSE:MG) posted its quarterly earnings results on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.18), RTT News reports. Magna International had a return on equity of 13.15% and a net margin of 2.83%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Magna International updated its FY 2024 guidance to EPS.
Magna International Trading Down 3.6 %
Shares of NYSE:MGA traded down $1.72 during midday trading on Friday, reaching $46.70. The company’s stock had a trading volume of 3,988,059 shares, compared to its average volume of 1,676,348. Magna International has a fifty-two week low of $46.11 and a fifty-two week high of $65.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 1.06. The firm has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $53.92. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.49 and a beta of 1.69.
Magna International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 16th. Magna International’s dividend payout ratio (DPR) is presently 45.02%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock 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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