|Bid||46.01 x 800|
|Ask||0.00 x 800|
|Day's range||46.84 - 48.15|
|52-week range||42.51 - 57.09|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||8.38|
|Forward dividend & yield||1.60 (3.10%)|
|Ex-dividend date||04 Mar 2020|
|1y target est||61.88|
Magna is helping automakers prepare for a future that emphasizes electrificationMagna’s new e4 technology demonstrator car sets a new benchmark in EV efficiency, driving.
Fourth Quarter 2019 Highlights Cash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases.
Solid contribution from Sonic Automotive's (SAH) used vehicle unit, particularly the EchoPark business, is likely to drive fourth-quarter 2019 results.
AURORA, Ontario, Feb. 05, 2020 -- Magna International Inc. (TSX:MG) (NYSE:MGA) FOURTH QUARTER & YEAR END 2019 RESULTS CONFERENCE CALLFRIDAY – FEBRUARY 21, 20207:00 AM.
It has 55 manufacturing and assembly units in China, where it employs around 11% of its total workforce. Earlier this week, China's cabinet had announced it would extend the Lunar New Year holidays to Feb. 2 to strengthen the prevention and control of the new coronavirus. General Motors Co , the No.1 U.S. automaker, too said it has placed a temporary restriction on travel to Wuhan, where the company has a manufacturing base as part of a joint venture with China's SAIC Motor .
Magna (MGA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
While Ford's (F) Q4 results are likely to be hit by a pre-tax charge of $2.2 billion, Fiat Chrysler (FCAU) teams up with Foxconn to develop EVs in China.
While Magna International (MGA) forecasts revenue and profit growth through 2022, it anticipates sales to decline in 2020 amid macro-economic headwinds.
Magna blamed the stronger U.S. dollar, the sale of its fluid pressure and controls business, and estimated lower light-vehicle production in Europe for its lower sales outlook. The end of the partnership with Lyft to develop self-driving technology was driven by Magna's belief that growth in the near and medium term - out to 2025 - is more in the driver-assisted market, called the L1, L2 and L3 market, said Swamy Kotagiri, who was promoted to president on Thursday. While Magna will cease working with Lyft on developing self-driving technology, it will still collaborate with the company on various software and hardware programs, he said.
Sales growth and increased EBIT Margin1 anticipated over outlook periodForecast free cash flow2 of approximately $5.5 billion in 2020-2022 periodHigher EBIT Margin expected in.
AURORA, Ontario, Jan. 07, 2020 -- Magna International Inc. (TSX:MG) (NYSE:MGA) 2020 OUTLOOK CONFERENCE CALLTHURSDAY – JANUARY 16, 20208:00 AM ET DIAL IN NUMBERS North.
Magna (MGA) joins forces with Ferarri, to develop and supply a dual-clutch 8-speed transmission (DCT) for the Ferrari SF90 Stradale, which is expected to help cut CO2 emissions.
Transmission developed in cooperation with FerrariReduced weight and CO2 emissionsHigher torque delivers superior performance SAILAUF, Germany, Dec. 11, 2019 -- In.
North American finalist Zehao Zhang from ArtCenter College of Design captures top prizeFinalists from China and Europe also recognized at LA Auto ShowMore than 100 entries offer.
Acquisition to strengthen engineering and electronics competenciesWill increase Magna’s forward lighting engineering capability in EuropeA complement to the 2018 acquisition of.
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 30,283,500 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 1, 2019, Magna had 305,831,639 issued and outstanding Common Shares, including a public float of 302,835,169 Common Shares.