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Although the revenue and EPS for Magna (MGA) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Magna (MGA) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.11 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Magna (MGA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Quit scanning the market for a reasonably priced stock! Your search ends as Magna International (NYSE: MGA ) offers growth, value and yield.
On Monday, unusual options activity for Magna (NYSE: MGA ) – an auto parts specialist – shot up to the top of the charts. Specifically, total options volume reached 119,018 contracts, up 1,779.92% against its trailing one-month average.
AURORA, Ontario, April 15, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. FIRST QUARTER 2024 RESULTS WEBCAST FRIDAY – MAY 3, 2024 8:00 AM ET LIVE AUDIO WEBCAST Webcast registration: https://events.q4inc.com/attendee/510210737 DIAL IN DETAILS Participant Toll-Free Dial-In:Participant Toll Dial-In:Conference ID: 1-800-715-98711-646-307-19639829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATION Replay available 2 hours after the call until May 10, 2024 Toll-Free Dial-In:Toll Dial-In:Conference ID: 1-800-770-20301-609-800-99099829976 INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACT Nancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com 905-726-7108
Magna International is one of the world's largest manufacturers of OEM components for various automakers with a $15 billion market cap. To date, Magna has increased its dividend for 15 consecutive years with a 10-year dividend growth rate of 11.1%. MGA stock's yield has risen to 3.8%, which is 110 basis points higher than its five-year average.
Magna: Attractive Entry For Long Term Returns
Magna (MGA) reports mixed fourth-quarter results and expects full-year 2024 revenues in the band of $43.8-$45.4 billion, up from $42.8 billion recorded in 2023.