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Magna International Inc. (USA)

MGA.N

Latest Trade

45.82USD

Change

0.30(+0.66%)

Volume

630,235

Today's Range

44.18

 - 

45.99

52 Week Range

42.51

 - 

57.09

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Magna Sees 2020 Free Cash Flow Of $1.4 Billion-$1.6 Billion - Conf Call

Feb 21 (Reuters) - Magna International Inc <MG.TO>::MAGNA INTERNATIONAL EXPECTS 2020 FREE CASH FLOW OF $1.4 BILLION-$1.6 BILLION, COMPARED TO $1.6 BILLION-$1.8 BILLION, PREVIOUSLY, DUE TO PULL FORWARD OF ABOUT $200 MILLION OF WORKING CAPITAL INTO 2019 - CONF CALL.MAGNA INTERNATIONAL CFO SAYS CONTINUES TO EXPECT ABOUT $5.5 BILLION IN FREE CASH FLOW IN THE 2020 TO 2022 TIME FRAME - CONF CALL.

Magna Reports Q4 Adjusted Earnings Of $1.41 Per Share

Feb 21 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES FOURTH QUARTER AND 2019 RESULTS AND RAISES QUARTERLY CASH DIVIDEND PER SHARE BY 10%.Q4 ADJUSTED EARNINGS PER SHARE $1.41.Q4 EARNINGS PER SHARE $1.43.Q4 EARNINGS PER SHARE ESTIMATE $1.33 -- REFINITIV IBES DATA.Q4 SALES $9.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $9.2 BILLION.RAISED QUARTERLY CASH DIVIDEND BY 10% TO $0.40 PER SHARE.HAVE NOT INCLUDED ANY ADJUSTMENT TO 2020 OUTLOOK RELATED TO COVID-19.MAGNA INTERNATIONAL - 40-DAY LABOUR STRIKE AT GENERAL MOTORS NEGATIVELY IMPACTED SALES AND PROFITABILITY FOR BOTH Q3 AND Q4 OF 2019 OF CO.2020 OUTLOOK REMAINS UNCHANGED.MAGNA-40-DAY LABOUR STRIKE AT GM WHICH BEGAN LATE IN SEPT 2019 EXTENDED INTO LATE OCT, HAD NEGATIVE IMPACT ON NORTH AMERICAN LIGHT VEHICLE PRODUCTION.

Magna Says Expects 2020 Total Sales Between $38.0 Bln And $40.0 Bln

Jan 16 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES OUTLOOK.FORECAST FREE CASH FLOW OF ABOUT $5.5 BILLION IN 2020-2022 PERIOD.HIGHER EBIT MARGIN EXPECTED IN 2020.SEES 2020 NORTH AMERICA LIGHT VEHICLE PRODUCTION 16.3 MILLION UNITS.SEES 2020 EUROPE LIGHT VEHICLE PRODUCTION 20.8 MILLION UNITS.SEES 2020 TOTAL SALES BETWEEN $38.0 BILLION AND $40.0 BILLION.SEES EBIT MARGIN OF 6.7% - 7% IN 2020.SEES 2020 NET INCOME ATTRIBUTABLE TO MAGNA BETWEEN $1.8 BILLION- $2.0 BILLION.CONCLUDING OUR PARTNERSHIP WITH LYFT TO CO-DEVELOP SELF-DRIVING TECHNOLOGY.

Magna Says Co To Acquire Wipac Czech S.R.O.

Nov 20 (Reuters) - Magna International Inc <MG.TO>::MAGNA TO ACQUIRE WIPAC CZECH S.R.O., EXPAND LIGHTING CAPABILITIES.

Magna Says GM Strike Likely To Reduce 2019 Revenue By About $500 Mln

Nov 8 (Reuters) - Magna International Inc <MG.TO>::MAGNA INTERNATIONAL SAYS GETRAG JOINT-VENTURES HAVE HAD CHALLENGES, INCLUDING DECLINING TAKE-RATES FOR MANUAL TRANSMISSIONS AND LOWER VOLUMES IN CHINA - CONF CALL.MAGNA INTERNATIONAL SAYS BUSINESS PLANNING ACTIVITY HAS LED TO LOWER VOLUME AND FREE CASH FLOW PROJECTIONS FOR GETRAG’S JVS, RESULTING IN $537 MILLION IMPAIRMENT CHARGE - CONF CALL.MAGNA INTERNATIONAL SAYS WOULDN’T ANTICIPATE ANYTHING TO CHANGE MUCH FOR MAGNA IN THE NEAR TERM DUE TO THE FIAT CHRYSLER AND PEUGEOT DEAL - CONF CALL.MAGNA INTERNATIONAL SAYS GM STRIKE LIKELY TO REDUCE 2019 REVENUE BY ABOUT $500 MILLION - CONF CALL.MAGNA INTERNATIONAL SAYS GM STRIKE LIKELY TO HAVE A NEGATIVE 30 BASIS IMPACT TO CONSOLIDATED MARGINS FOR 2019 - CONF CALL.MAGNA INTERNATIONAL SAYS CONTINUED SOFTNESS IN CHINA WILL TRANSLATE INTO SOME HEADWINDS ON EQUITY INCOME POST 2019 COMPARED TO CO’S PRIOR EXPECTATION- CONF CALL.

Magna Reports Q3 Adjusted Earnings Of $1.41 Per Share

Nov 8 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.41.Q3 EARNINGS PER SHARE ESTIMATE $1.34 -- REFINITIV IBES DATA.Q3 LOSS PER SHARE $0.75.Q3 SALES $9.32 BILLION VERSUS REFINITIV IBES ESTIMATE OF $9.33 BILLION.2019 OUTLOOK REDUCED LARGELY TO REFLECT ESTIMATED IMPACT OF GM STRIKE AND HIGHER LAUNCH COSTS.SEES 2019 TOTAL SALES IN RANGE OF $38.7 BILLION TO $39.8 BILLION.SEES 2019 CAPITAL SPENDING ABOUT $1.6 BILLION.SEES 2019 NET INCOME ATTRIBUTABLE TO MAGNA $1.8 BILLION TO $1.9 BILLION.SEES 2019 LIGHT VEHICLE PRODUCTION 16.3 MILLION UNITS IN NORTH AMERICA AND 21.4 MILLION UNITS IN EUROPE.LABOUR STRIKE AT GENERAL MOTORS REDUCED CO'S THIRD QUARTER SALES.

Magna International Has Been Awarded A Grant By U.S. Department Of Energy

Oct 30 (Reuters) - Magna International Inc <MG.TO>::MAGNA INTERNATIONAL INC - HAS BEEN AWARDED A GRANT BY U.S. DEPARTMENT OF ENERGY.MAGNA INTERNATIONAL - ELECTRIC MOTOR TECHNOLOGIES WILL BE PRESENTED TO U.S. DOE FOR EVALUATION IN 2021.MAGNA INTERNATIONAL INC - AWARDED A GRANT BY U.S. DEPARTMENT OF ENERGY TO DEVELOP ELECTRIC MOTOR FOR VEHICLE PROPULSION SYSTEMS.

Magna Reports Q2 Earnings Per Share $1.42

Aug 8 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.59.Q2 EARNINGS PER SHARE $1.42.Q2 EARNINGS PER SHARE ESTIMATE $1.54 -- REFINITIV IBES DATA.Q2 SALES $10.13 BILLION VERSUS REFINITIV IBES ESTIMATE OF $9.85 BILLION.OUTLOOK LARGELY UNCHANGED.

Magna Announces Q1 Earnings Per Share Of $3.39

May 9 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.63.Q1 EARNINGS PER SHARE $3.39.Q1 SALES $10.59 BILLION VERSUS REFINITIV IBES ESTIMATE OF $10.7 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.71 -- REFINITIV IBES DATA.2019 OUTLOOK REDUCED.SEES 2019 LIGHT VEHICLE PRODUCTION OF 16.7 MILLION UNITS IN NORTH AMERICA.MAGNA - 2019 OUTLOOK REDUCED LARGELY TO REFLECT HIGHER EXPECTED COSTS ON CERTAIN ADAS PROGRAMS, LOWER ANTICIPATED EQUITY INCOME IN CHINA JV.SEES 2019 LIGHT VEHICLE PRODUCTION OF 21.5 MILLION UNITS IN EUROPE.2021 OUTLOOK REDUCED TO REFLECT LOWER ANTICIPATED EQUITY INCOME IN A TRANSMISSION JOINT VENTURE IN CHINA.SEES 2019 TOTAL SALES $39.1 - $41.3 BILLION.SEES 2019 NET INCOME ATTRIBUTABLE TO MAGNA OF $1.9 - $2.1 BILLION.UPDATED 2021 OUTLOOK FOR ONE OF TRANSMISSION JOINT VENTURES IN CHINA.MAGNA - EXCLUDING FOREX TRANSLATION, ACQUISITIONS NET OF DIVESTITURES, SALES IN EACH SEGMENT OUTPACED GLOBAL LIGHT VEHICLE PRODUCTION IN QUARTER.FY2019 REVENUE VIEW $40.90 BILLION -- REFINITIV IBES DATA.

Magna Continues To Expand In Morocco With New Mirrors Facility

April 23 (Reuters) - Magna International Inc <MG.TO>::MAGNA CONTINUES TO EXPAND IN MOROCCO WITH NEW MIRRORS FACILITY.MAGNA INTERNATIONAL INC - 61,400-SQFT FACILITY REPRESENTS AN INVESTMENT OF $11.3 MILLION BY CO AND IS EXPECTED TO CREATE UP TO 275 JOBS IN MOROCCO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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