MGA Stock Recent News

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.

The headline numbers for Magna (MGA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.