Magna International Inc. (MG) Set to Announce Earnings on Friday
Magna International Inc. (TSE:MG) (NYSE:MGA) will be posting its quarterly earnings results before the market opens on Friday, August 11th. Analysts expect Magna International to post earnings of $1.46 per share for the quarter.
Shares of Magna International Inc. (TSE:MG) opened at 61.30 on Thursday. Magna International Inc. has a 52 week low of $49.44 and a 52 week high of $62.94. The company’s 50-day moving average price is $59.84 and its 200 day moving average price is $58.38. The company has a market cap of $23.31 billion and a P/E ratio of 11.21.
Separately, BMO Capital Markets set a C$47.00 price objective on Magna International and gave the stock a “market perform” rating in a report on Friday, May 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$59.38.
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In other news, Director Tommy Joseph Skudutis sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of C$61.34, for a total transaction of C$858,760.00. Also, insider Seetarama Swamy Kotagiri sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of C$45.85, for a total value of C$458,500.00. In the last 90 days, insiders have sold 64,000 shares of company stock valued at $3,745,260.
Magna International Company Profile
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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