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Magna International Inc (MGA)

MGA on New York Consolidated

51.80USD
19 Sep 2017
Change (% chg)

$0.04 (+0.08%)
Prev Close
$51.76
Open
$51.65
Day's High
$52.07
Day's Low
$51.30
Volume
1,042,323
Avg. Vol
1,555,688
52-wk High
$52.07
52-wk Low
$36.77

Latest Key Developments (Source: Significant Developments)

Magna announces senior notes offering
Monday, 18 Sep 2017 05:05pm EDT 

Sept 18 (Reuters) - Magna International Inc :Magna announces senior notes offering.Magna International Inc - ‍Notes will bear interest at an annual rate of 1.500% and will mature on September 25, 2027​.Magna International -Entered into underwriting agreement providing for issuance of eur 600 million aggregate principal amount of its senior unsecured notes​.  Full Article

Magna expands in Alabama with aluminum casting facility
Friday, 8 Sep 2017 10:00am EDT 

Sept 8 (Reuters) - Magna International Inc :Magna expands in Alabama with Aluminum Casting facility.Magna International Inc - ‍expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Alabama​.Magna International Inc - ‍invested approximately $60 million to add 150,000-square-foot facility​.  Full Article

Magna International CEO says still expecting a fairly strong 2nd half in North America - conf call
Friday, 11 Aug 2017 09:10am EDT 

Aug 11 (Reuters) - Magna International Inc ::Magna International CEO says expects to be at capacity in Graz with complete vehicle assembly sales of over $6 billion in 2019 - conf call.Magna International CEO says "We're still expecting margins in Europe to expand" - conf call.Magna International CEO says "We're still expecting a fairly strong second half in North America" - conf call.Magna International CEO says "We still have room to buy back more stock" - conf call.  Full Article

Magna Q2 earnings per share $1.48
Friday, 11 Aug 2017 05:00am EDT 

Aug 11 (Reuters) - Magna International Inc :Magna announces second quarter results.Q2 earnings per share $1.48.Q2 earnings per share view $1.47 -- Thomson Reuters I/B/E/S.Q2 sales $9.68 billion versus I/B/E/S view $9.46 billion.Sees 2017 total sales in range of $37.7 - $39.4 billion.  Full Article

Magna establishes automatic share purchase plan
Thursday, 29 Jun 2017 05:00pm EDT 

June 29 (Reuters) - Magna International Inc ::Magna establishes automatic share purchase plan.Established a pre-defined automatic securities purchase plan with a designated broker.To plan is facilitate repurchase of co's common shares under co's current normal course issuer bid.Magna International -under bid, which commenced on Nov. 15, 2016 & which terminates on Nov. 14, 2017, are authorized to repurchase up to 38 million shares.  Full Article

Magna Q1 earnings per share $1.53
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Magna International Inc :Magna announces first quarter results.Q1 earnings per share $1.53.Q1 sales $9.37 billion versus i/b/e/s view $9.15 billion.Q1 earnings per share view $1.34 -- Thomson Reuters I/B/E/S.Magna international inc sees 2017 total sales $36.6 - $38.3 billion.Magna international inc sees 2017 capital spending approximately $2.0 billion.Magna international inc sees 2017 adjusted ebit margin 8.0% - 8.2%.Magna international inc sees 2017 total production sales $30.8 - $32.1 billion.Magna international inc sees 2017 north america light vehicle production 17.5 million units, 21.9 million units in europe.Fy2017 revenue view $37.10 billion -- Thomson Reuters I/B/E/S.  Full Article

Magna International enters into JV with Chinese seating supplier
Friday, 28 Apr 2017 08:00am EDT 

April 28 (Reuters) - Magna International Inc :Says magna enters joint venture with chinese seating supplier.Says entered into a joint venture cooperation agreement with china's hubei aviation precision machinery co., ltd.  Full Article

Magna qtrly diluted EPS from continuing operations $1.24
Friday, 24 Feb 2017 05:00am EST 

Magna International Inc : Magna announces fourth quarter and 2016 results . Q4 sales $9.25 billion versus I/B/E/S view $9.21 billion . Sees fy total sales $36.0 billion - $37.7 billion . Sees fy capital spending approximately $2.0 billion . Expect 2017 to be a strong year for magna . Sees 2017 total production sales of $30.4 billion- $31.7 billion . Sees fy north america light vehicle production 17.7 million . Sees fy europe light vehicle production 21.7 million units .Qtrly diluted earnings per share from continuing operations $1.24.  Full Article

Magna Q2 diluted EPS from continuing operations $1.41
Friday, 5 Aug 2016 05:00am EDT 

Magna International Inc : Magna announces record second quarter and year to date results . Q2 sales $9.4 billion versus i/b/e/s view $9.24 billion . Q2 diluted earnings per share from continuing operations $ 1.41 . Magna international inc sees 2016 North America light vehicle production 18.0 million units . Sees 2016 total production sales $30.6 - $31.9 billion . Sees 2016 capital spending $1.8 - $2.0 bln . Sees 2016 total sales $35.5 - $37.2 bln . Magna international inc sees 2016 europe light vehicle production 21.4 million units .Fy2016 revenue view $36.15 billion -- Thomson Reuters I/B/E/S.  Full Article

Magna International Inc gives FY 2016 revenue guidance in line with analysts' estimates
Wednesday, 13 Jan 2016 07:00am EST 

Magna International Inc:Expects FY 2016 total sales of $34.6 billion - $36.3 billion.FY 2016 revenue of $35.3 billion - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Magna announces senior notes offering

* Magna International Inc - ‍Notes will bear interest at an annual rate of 1.500% and will mature on September 25, 2027​