EPS for Magna International Inc. (MGA) Expected At $1.73

Magna International Inc. (NYSE:MGA) Logo

Analysts expect Magna International Inc. (NYSE:MGA) to report $1.73 EPS on May, 9 before the open.They anticipate $0.11 EPS change or 5.98 % from last quarter’s $1.84 EPS. MGA’s profit would be $561.01 million giving it 7.74 P/E if the $1.73 EPS is correct. After having $1.63 EPS previously, Magna International Inc.’s analysts see 6.13 % EPS growth. The stock decreased 0.18% or $0.1 during the last trading session, reaching $53.54. About 662,221 shares traded. Magna International Inc. (NYSE:MGA) has declined 1.92% since May 8, 2018 and is downtrending. It has underperformed by 6.29% the S&P500.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Among 8 analysts covering Magna International (NYSE:MGA), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Magna International had 16 analyst reports since December 11, 2018 according to SRatingsIntel. Citigroup maintained Magna International Inc. (NYSE:MGA) on Wednesday, February 27 with “Buy” rating. Morgan Stanley maintained Magna International Inc. (NYSE:MGA) rating on Tuesday, February 26. Morgan Stanley has “Sell” rating and $45 target. On Sunday, February 24 the stock rating was maintained by Barclays Capital with “Hold”. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, March 21. The company was maintained on Monday, February 25 by Bank of America. The firm earned “Outperform” rating on Monday, February 25 by Wells Fargo. The rating was upgraded by TD Securities to “Buy” on Thursday, January 10. The rating was maintained by BMO Capital Markets on Friday, February 22 with “Buy”.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company has market cap of $17.36 billion. The firm 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. It has a 8.1 P/E ratio. It also provides interior and exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and front and signal lightings; complete seating systems, mechanism solutions, seat structure solutions, foam and trim products, and design and development solutions; and fascia and exterior trims, liftgate and exterior modules, front end modules, ACTERO active aerodynamics, and lightweight composites.

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Seekingalpha.com which released: “Magna International declares $0.365 dividend – Seeking Alpha” on February 22, 2019, also Fool.ca with their article: “Avoid, Watch, or Buy? 3 Top Stocks in the Electric Vehicle Space – The Motley Fool Canada” published on April 10, 2019, Fool.ca published: “You’ve Been Warned: 3 New Stocks That Bay Street Just Downgraded – The Motley Fool Canada” on April 20, 2019. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Globenewswire.com and their article: “Magna Establishes Automatic Share Purchase Plan NYSE:MGA – GlobeNewswire” published on December 19, 2018 as well as Globenewswire.com‘s news article titled: “Magna Posts 2018 Annual Report NYSE:MGA – GlobeNewswire” with publication date: March 29, 2019.

Magna International Inc. (NYSE:MGA) Ratings Chart

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