Magna International (NYSE:MGA) (TSE:MG) will issue its quarterly earnings data before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $1.55 per share for the quarter.
Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.07). Magna International had a return on equity of 19.72% and a net margin of 5.72%. The company had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, analysts expect Magna International to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NYSE MGA opened at $49.24 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.17. Magna International has a 12 month low of $45.73 and a 12 month high of $67.47. The company has a market capitalization of $16.31 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36.
Magna International Company Profile
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers body systems, including exterior sheetmetal and closure systems, body structure systems, and energy management solutions; chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules; and engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services.
Further Reading: Understanding Price to Earnings Ratio (PE)
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