Magna International Inc. (NYSE:MGA) (TSE:MG) declared a quarterly dividend on Friday, November 8th, Zacks reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.365 per share on Friday, December 6th. This represents a $1.46 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, November 21st.
NYSE:MGA traded up $0.24 during trading hours on Tuesday, reaching $55.86. 12,702 shares of the stock were exchanged, compared to its average volume of 801,798. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $53.62 and a two-hundred day moving average of $49.87. Magna International has a twelve month low of $42.51 and a twelve month high of $57.09. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.56 and a beta of 1.57.
Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, November 8th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Magna International had a return on equity of 17.59% and a net margin of 4.43%. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts forecast that Magna International will post 5.97 EPS for the current fiscal year.
Magna International Company Profile
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.
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