MGA Stock Recent News

Wall Street is facing volatility amid sticky inflation, uncertainty over the Fed's rate-cut trajectory, and fears of a potential trade war. The auto sector, being highly cyclical, faces additional challenges, including potential disruptions from U.S. tariffs on Canadian and Mexican imports.

Magna International Inc. (NYSE:MGA ) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Louis Tonelli - VP, IR Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Conference Call Participants Tamy Chen - BMO Capital Markets Dan Levy - Barclays Chris McNally - Evercore ISI Joseph Spak - UBS Securities Tom Narayan - RBC Capital Markets Brian Morrison - TD Cowen James Picariello - BNP Paribas Colin Langan - Wells Fargo Mark Delaney - Goldman Sachs Michael Glen - Raymond James Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

Magna (MGA) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.33 per share a year ago.

Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised quarterly cash dividend to $0.485 per share, marking our 15th consecutive year of fourth quarter increases Outlook Highlights 2025 Sales expected to be between $38.6 billion and $40.2 billion, mainly reflecting negative impacts of foreign currency translation, lower light vehicle production and end of production of Jaguar assembly programs 2025 Adjusted EBIT Margin expected to be between 5.3% and 5.8% Capital spending projected to normalize to historical levels beginning in 2025 2026 Sales expected to grow from 2025 to between $40.5 billion and $42.6 billion 2026 Adjusted EBIT Margin expected to expand to a r

Besides Wall Street's top -and-bottom-line estimates for Magna (MGA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation and excellence. This collaboration has spanned multiple areas of the vehicle, including powertrain and drivetrain systems, ADAS technologies, body and chassis components, electrification, interior systems, vehicle assembly, and more.

Magna (MGA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The shares of Magna International (MGA -7.89%) plunged 11.6% this morning as panic gripped investors after President Donald Trump announced plans to impose hefty import tariffs over the weekend, including a 25% levy on imports from Canada and Mexico, with a 10% tariff on imports from China.

Magna International, a multinational mobility solutions and technology company for automakers, is now a $12 billion (by market cap) leading manufacturer. Manga increased its dividend for 15 consecutive years, with a 10-year dividend growth rate of 11.1%. Magna moved its revenue from $34.4 billion in FY 2014 to $42.8 billion in FY 2023, a compound annual growth rate of 2.5%.

AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.