Magna International (MG) Set to Announce Quarterly Earnings on Thursday

Magna International (TSE:MG) (NYSE:MGA) is scheduled to announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of C$1.98 per share for the quarter.

Magna International (TSE:MG) opened at C$68.44 on Thursday. The company has a market cap of $24,520.00, a price-to-earnings ratio of 9.69 and a beta of 1.06. Magna International has a twelve month low of C$52.63 and a twelve month high of C$74.75.

Separately, BMO Capital Markets set a C$61.00 target price on shares of Magna International and gave the company a “market perform” rating in a report on Thursday, January 18th.

In other Magna International news, Director Tommy Joseph Skudutis sold 84,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$71.08, for a total transaction of C$5,970,720.00. Also, insider Vincent Joseph Galifi sold 44,890 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of C$71.99, for a total transaction of C$3,231,631.10.

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Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.

Earnings History for Magna International (TSE:MG)

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