Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is expected to be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $10.32 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Magna International Price Performance

Shares of MGA stock opened at $39.06 on Thursday. Magna International has a fifty-two week low of $35.05 and a fifty-two week high of $56.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.60 and a beta of 1.61. The stock’s 50-day simple moving average is $41.42 and its 200-day simple moving average is $41.74.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Securities cut their target price on Magna International from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Royal Bank of Canada raised Magna International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $52.00 in a report on Friday, January 24th. UBS Group lifted their target price on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Magna International from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Finally, The Goldman Sachs Group cut shares of Magna International from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $42.00 to $41.00 in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Magna International presently has an average rating of “Hold” and an average target price of $50.24.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.