Magna International Inc. (MG) Set to Announce Quarterly Earnings on Friday
- Author: Zachary Reyes Feb 25, 2017,
Feb 25, 2017, 3:08
The daily volume was measured at 1,067,300 shares.
Magna International Inc. (NYSE:MGA) shows its Return on Assets (ROA) value of 9.3 percent, while the Return on Equity (ROE) value is 21.5 percent and Return on Investment (ROI) value stands at 16.8 percent. The stock recovered 45.57% since its low point and has performed 13.57% year-to-date. Ameriprise Financial Inc. now owns 2,483,123 shares of the company's stock worth $106,615,000 after buying an additional 641,675 shares during the period.
Magna International, Inc. has a 52 week low of $32.76 and a 52 week high of $47.21.
Excluding items, the company earned US$1.31 per share, missing the average analysts' estimate of US$1.36, according to Thomson Reuters I/B/E/S. The TTM operating margin is 7.7 percent. Ameriprise Financial Inc. increased its position in shares of Magna International by 34.8% in the third quarter. The estimated EPS for the current quarter is said to be $1.35. Royal Bank Of Canada raised their price target on shares of Magna International from $55.00 to $56.00 and gave the stock an "outperform" rating in a report on Friday, January 6th. Sentry Investments Corp. now owns 3,823,400 shares of the company's stock valued at $173,391,000 after buying an additional 658,600 shares in the last quarter. Aurora, Ontario-based Magna said the cost of goods sold jumped 7.7 per cent to $7.90-billion in the fourth quarter ended December 31.
Magna International (USA) Last issued its quarterly earnings results on Nov 3, 2016.
On Friday, maker Magna reported a lower-than-expected quarterly profit as costs rose. (NYSE:MGA) traded down 0.20% during mid-day trading on Thursday, reaching $45.59.
The company has a 50-day moving average price of $44.04 and a 200 day moving average price of $42.18. The Stock declined on the very next day of earnings and maintained its stock price at $38.98 by showing a % change of -1.89 percent from its previous closing price. The analysts' present consensus range is $1.26-$1.49 for EPS. (NASDAQ:TRIP) for the next year 5 years is 5.88 percent (per annum), as compared to 6.57 percent (per annum) in the past 5 years. And immediately on the next day after earnings announcement, the stock inclined 4.23% and closed its trading session at $39.43. For the Most Recent Fiscal Year, Magna International, Inc. has a price to cash ratio of 6.42. (NYSE:MGA) surged to 7.22% from $37.83 to $40.56.
Magna International, Inc. last declared its Dividend on Nov 22, 2016. Thus showing a Surprise of 2.5 percent. While the stock price moved along with the volume change, shares are touching $43.37. Magna International presently has a consensus rating of "Buy" and an average target price of C$59.38.