Últimas noticias sobre Magna International (NYSE:MGA) Bolsa

Magna International

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.

Magna International Inc

MORINAGA & CO LTD ORD by Morinaga & Co., Ltd.

Morinaga & Co Ltd

MEGA URANIUM LTD ORD by Mega Uranium Ltd.

Mega Uranium Ltd

Mortgage Oil Corp

MOBILE GLOBAL ESPORTS INC by Mobile Global Esports Inc.

Mobile Global Esports Inc

Megaworld Corp

MEGAWORLD CORP UNSP/ADR by Megaworld Corp.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
According to a CNBC report, Walmart started providing body cameras to some of its store-level employees across the U.S. as part of a pilot<a href="https://www.benzinga.com/general/psychology/24/12/42537321/walmart-begins-program-that-has-employees-wear-bodycams-for-safety"> program testing the technology</a>.
Royalty Pharma plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NASDAQ">RPRX</a>) is a &#8220;disappointing&#8221; stock, Cramer said. &#8220;I want you to stick with it, I would not get rid of the stock here, it's too good a company.&#8221;
On Nov. 6, Royalty Pharma reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of 93 cents per share. The company reported quarterly sales of $565.00 million which missed the analyst consensus estimate of $696.10 million.
Cramer said he doesn't want to own Magna International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>). &#8220;The autos are the worst place to be,&#8221; he noted.
On Dec. 16, Wells Fargo analyst Colin Langan maintained Magna International with an Equal-Weight rating and lowered the price target from $46 to $44.
The &#8220;Mad Money&#8221; host recommended buying M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), adding that it is a &#8220;very, very good&#8221; company.
M&amp;T Bank will announce its fourth quarter and full-year 2024 earnings results before the market opens on Thursday, Jan. 16, 2025. Analysts expect the company to report quarterly earnings at $3.74 per share on revenue of $2.34 billion.
Price Action:
<ul>
<li>Walmart shares fell 0.2% to settle at $93.40 on Thursday.</li>
<li>Royalty Pharma shares fell 0.8% to close at $24.28 during the session.</li>
<li>Magna International shares fell 1.6% to settle at $41.28 on Thursday.</li>
<li>M&amp;T Bank shares fell 0.4% to $185.42 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42582254/top-3-consumer-stocks-you-may-want-to-dump-this-quarter">Top 3 Consumer Stocks You May Want To Dump This Quarter</a></li>
</ul>
Photo: Shutterstock

Long Ideas

News

Markets

Media

Trading Ideas

RPRX

Jim Cramer Likes Walmart, Recommends Buying This 'Very, Very Good' Financial Stock

WIIM

HSAI

LCID

MBLY

TSLA

WKSP

Shares of several companies in the auto and auto-related space are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points

Wells Fargo analyst Colin Langan maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Equal-Weight and lowers the price target from $46 to $44.

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Magna International, Lowers Price Target to $44

ADNT

PRTS

Shares of auto supplier stocks are trading lower. Weakness may be in reaction to worse-than-expected November PPI data, which could cloud rate cut outlook.

Goldman Sachs analyst Mark Delaney downgrades Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) from Neutral to Sell and lowers the price target from $42 to $41.

Downgrades

Goldman Sachs Downgrades Magna International to Sell, Lowers Price Target to $41

Buybacks

Magna International Launches New 10% Stock Repurchase Program With Automatic Share Purchase Plan, Terminating Prior Buyback

UBS analyst Joseph Spak maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Neutral and raises the price target from $44 to $45.

UBS Maintains Neutral on Magna International, Raises Price Target to $45

Scotiabank analyst Jonathan Goldman maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Sector Perform and raises the price target from $50 to $52.

Scotiabank Maintains Sector Perform on Magna International, Raises Price Target to $52

RBC Capital analyst Tom Narayan maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Sector Perform and lowers the price target from $42 to $41.

RBC Capital Maintains Sector Perform on Magna International, Lowers Price Target to $41

Wells Fargo analyst Colin Langan maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Equal-Weight and raises the price target from $44 to $46.

Wells Fargo Maintains Equal-Weight on Magna International, Raises Price Target to $46

U.S. stocks were higher, with the Dow Jones index gaining around 450 points on Friday.
Shares of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose sharply during Friday's session as the company posted stronger-than-expected results for the <a href="https://www.benzinga.com/quote/AMZN">third quarter on Thursday</a>.
Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to data from Benzinga Pro. The company said it sees fourth-quarter net sales to come in a range of $181.5 billion to $188.5 billion, up 7% to 11% year-over-year.
Amazon.com shares jumped 7.1% to $199.63 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Proto Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares jumped 31.8% to $36.10 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates.</li>
<li>Interface, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) gained 30% to $22.72 after the company reported better-than-expected third-quarter financial results and raised its FY24 net sales guidance above estimates.</li>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) jumped 25.3% to $1.3145 after the company amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) gained 19.7% to $19.52.</li>
<li>Waters Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) rose 17.3% to $378.98 after the company reported third-quarter earnings and sales that beat analyst estimates.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) gained 16.5% to $96.73 following third-quarter results.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) climbed 15.8% to $218.37 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Pediatrix Medical Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MD#NYSE">MD</a>) rose 15.6% to $14.26 following better-than-expected quarterly earnings.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) gained 14.2% to $7.98. ASP Isotopes announced the pricing of public offering of common stock.</li>
<li>Select Medical Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEM#NYSE">SEM</a>) surged 13.2% to $36.32 following better-than-expected quarterly earnings.</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) gained 12% to $366.93 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 11.5% to $89.49.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 9.9% to $55.56 after the company reported better-than-expected quarterly financial results and issued FY24 adjusted EPS guidance above estimates.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) rose 9.6% to $14.92.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 8.2% to $133.01 after the company raised its FY2024 adjusted EPS guidance.</li>
<li>Chart Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NASDAQ">GTLS</a>) gained 8.1% to $130.46 following quarterly results.</li>
<li>Dorman Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) gained 7.9% to $123.05 following upbeat earnings.</li>
<li>Magna International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) jumped 7.8% to $42.54 following third-quarter results.</li>
<li>Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) gained 7.1% to $116.21 after the company reported better-than-expected first-quarter EPS and revenues and raised its FY2025 adjusted EPS guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></li>
</ul>

Intraday Update

Movers

ADMA

AMZN

ASPI

CHTR

DORM

GSAT

GTLS

HALO

LBRDA

PRLB

TEAM

TILE

Amazon Posts Upbeat Results, Joins Cardinal Health, Waters, Atlassian, Charter Communications, MasTec And Other Big Stocks Moving Higher On Friday

Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) shares are trading<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41677587/magna-announces-third-quarter-2024-results" rel="noreferrer noopener"> higher in the premarket session on Friday.</a>
The company reported that the third quarter adjusted earnings per share was $1.28, missing the street view of $1.41. Quarterly sales of $10.28 billion (down 4%) <a href="https://www.benzinga.com/earnings">missed the analyst consensus estimate of $10.363 billion.</a>
The decline in sales is primarily attributed to a 4% reduction in global light vehicle production. This includes a 6% drop in production in both North America and China, along with a 2% decrease in Europe.
&#8220;We continue to mitigate industry headwinds including lower production volumes in each of our core regions,&#8221; said Swamy Kotagiri, Magna&#8217;s Chief Executive Officer.
&#8220;As we continuously seek to optimize value creation, we are resuming share repurchases in the fourth quarter &#8211; ahead of our prior plan,&#8221; Kotagiri added.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41680446/us-stocks-likely-to-open-higher-after-mag-7-wrap-up-busy-week-apple-amazon-and-intel-on-radar-inves" rel="noreferrer noopener">US Stocks Likely To Open Higher After &#8216;Mag 7&#8217; Wrap Up Busy Week, Apple, Amazon And Intel On Radar: Investors Eye Monthly Jobs Report, Economist Says Earnings Won&#8217;t Trump Bonds</a>
Adjusted EBIT decreased to $594 million, compared to $615 million in the year-ago period, reflecting reduced earnings on lower sales, higher production input costs net of customer recoveries, and lower equity income.
Sales were also affected by the end of some production programs and divestitures, though these were somewhat offset by new program launches and price increases to cover higher production costs.
The company declared a third-quarter dividend of $0.475 per common share, payable on November 29, to shareholders of record as of the close of business on November 15.
Outlook: Magna International has revised its FY24 sales outlook to a range of $42.2 billion to $43.2 billion, down from the previous outlook of $42.5 billion to $44.1 billion, while the <a href="https://www.benzinga.com/calendars/guidance">current market estimate stands at $42.79 billion.</a>
The adjusted net income outlook is now set at $1.45 billion to $1.55 billion, a decrease from the previous range of $1.5 billion to $1.7 billion.
Price Action: MGA shares are trading higher by 7.30% to $42.35 premarket at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-" target="_blank" rel="noreferrer noopener">Biggest Gold ETF Posts Highest Monthly Inflows In 2.5 Years As Investors Rush To Safe Haven Ahead Of Presidential Election</a></li>
</ul>

Earnings

Equities

General

Magna International Misses On Q3 Earnings, Plans To Resume Buybacks From Q4

Magna International shares are trading higher. The company reported Q3 financial results.

2024 OUTLOOK
We first disclose a full-year Outlook annually in February, with quarterly updates. The following Outlook is an update to our previous Outlook in August 2024.
Updated 2024 Outlook Assumptions
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Current</td>
<td>Previous</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Light Vehicle Production (millions of units) &nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>North America</td>
<td>15.4</td>
<td>15.7</td>
</tr>
<tr>
<td>Europe</td>
<td>16.9</td>
<td>17.1</td>
</tr>
<tr>
<td>China</td>
<td>28.9</td>
<td>29.0</td>
</tr>
<tr>
<td>Average Foreign exchange rates: 1 Canadian dollar equals 1 euro equals</td>
<td> U.S. $0.736 U.S. $1.088</td>
<td> U.S. $0.733 U.S. $1.080</td>
</tr>
</tbody>
</table>
</figure>
 Updated 2024 Outlook
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Current</td>
<td>Previous</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Segment Sales &nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Body Exteriors &amp; Structures</td>
<td>$16.8 - $17.2 billion</td>
<td>$17.3 - $17.9 billion</td>
</tr>
<tr>
<td>Power &amp; Vision</td>
<td>$15.1 - $15.4 billion</td>
<td>$15.3 - $15.7 billion</td>
</tr>
<tr>
<td>Seating Systems</td>
<td>$5.6 - $5.8 billion</td>
<td>$5.5 - $5.8 billion</td>
</tr>
<tr>
<td>Complete Vehicles</td>
<td>$5.2 - $5.4 billion</td>
<td>$4.9 - $5.2 billion&nbsp;&nbsp;</td>
</tr>
<tr>
<td>Total Sales</td>
<td>$42.2 - $43.2 billion</td>
<td>$42.5 - $44.1 billion</td>
</tr>
<tr>
<td>Adjusted EBIT Margin(3)</td>
<td>5.4% - 5.5%</td>
<td>5.4% - 5.8%</td>
</tr>
<tr>
<td>Equity Income (included in EBIT)</td>
<td>$80 - $105 million</td>
<td>$100 - $130 million</td>
</tr>
<tr>
<td>Interest Expense, net</td>
<td>Approximately $220 million</td>
<td>Approximately $220 million</td>
</tr>
<tr>
<td>Income Tax Rate(4)</td>
<td>Approximately 23%</td>
<td>Approximately 22%</td>
</tr>
<tr>
<td>Adjusted Net Income attributable to Magna(5)</td>
<td>$1.45 - $1.55 billion</td>
<td>$1.5 - $1.7 billion</td>
</tr>
<tr>
<td>Capital Spending</td>
<td>$2.2 - $2.3 billion</td>
<td>$2.3 - $2.4 billion</td>
</tr>
</tbody>
</table>
</figure>

Guidance

Magna International FY24 Outlook: Revised Sales Outlook At $42.2B-$43.2B (Prior $42.5B-$44.1B) Vs $42.79B Est, Adj. Net Income At $1.45B-$1.55B (Prior $1.5B-$1.7B)

Earnings Misses

Magna International Q3 2024 Adj. EPS $1.28 Misses $1.41 Estimate, Sales $10.280B Miss $10.363B Estimate

Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is preparing to release its quarterly earnings on Friday, 2024-11-01. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Magna International to report an earnings per share (EPS) of $1.43.
The announcement from Magna International is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
The company's EPS missed by $0.09 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at Magna International's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.44</td>
<td>1.25</td>
<td>1.48</td>
<td>1.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.35</td>
<td>1.08</td>
<td>1.33</td>
<td>1.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-4.0%</td>
<td>-7.000000000000001%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730383287_0.png" alt="eps graph" />
<h3>Magna International Share Price Analysis</h3>
Shares of Magna International were trading at $41.31 as of October 30. Over the last 52-week period, shares are down 24.91%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MGA/earnings">To track all earnings releases for Magna International visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Magna International's Earnings Expectations

LAZR

Shares of auto component companies are trading lower. The sector may be moving amid possible sympathy with Ford Motor, which fell after reporting Q3 earnings and issued FY24 guidance.

Goldman Sachs analyst Mark Delaney maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Neutral and lowers the price target from $44 to $41.

Goldman Sachs Maintains Neutral on Magna International, Lowers Price Target to $41

Shares of auto supplier stocks are trading lower following weak guidance from Stellantis, which could be causing concern for the sector.

Magna International shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and cut its price target from $55 to $43.

Morgan Stanley analyst Adam Jonas maintained a Hold rating on Magna International (MGA – Research Report) today and set a price target of $43.00. T...

Morgan Stanley Remains a Hold on Magna International (MGA)

Wolfe Research upgraded Magna (MGA) to Peer Perform from Underperform. Published first on TheFly – the ultimate source for real-time, market-moving...

Magna upgraded to Peer Perform from Underperform at Wolfe Research

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Magna International (MGA – Research Report), PVH (PVH – Re...

Analysts Offer Insights on Consumer Cyclical Companies: Magna International (MGA), PVH (PVH) and Ulta Beauty (ULTA)

Goldman Sachs downgraded Magna (MGA) to Sell from Neutral with a price target of $41, down from $42. The firm contends that the company's above ave...

Magna downgraded to Sell from Neutral at Goldman Sachs

Edward Jones downgraded Magna (MGA) to Hold from Buy. Published first on TheFly – the ultimate source for real-time, market-moving breaking financi...

Magna downgraded to Hold from Buy at Edward Jones

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Albertsons (ACI) terminated its merger...

Albertsons terminates Kroger deal, Macy's reports Q3 beat: Morning Buzz

Wells Fargo lowered the firm's price target on Magna (MGA) to $44 from $46 and keeps an Equal Weight rating on the shares. The firm is also updatin...

Magna price target lowered to $44 from $46 at Wells Fargo

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President-...

Trump Trade: Transition team to roll back Biden EV, emissions policies

Magna International: Weak Customer Positioning Creates Uncertain Future

Trump's tariffs are not priced in, and these stocks could be affected

AAPL

ANAB

APTV

BAMXF

BLCO

CADL

CGNT

CROX

DLTR

FAST

FBIN

FIGS

FIVE

GOOG

GOOGL

IBRX

ICFI

LULU

MBGAF

MDLZ

NKLA

PDCO

PLAY

REVG

RIVN

SFIX

SIRI

STLA

ULCC

ULTA

VLKAF

VWAGY

VWAPY

XPEV

YETI

Press Releases

Serve Robotics Announces Nomination of David Goldberg to its Board of Directors

Contracts

Magna Awarded Reconfigurable Seating Business With Chinese OEM

Magna Announces Date for Q2 2024 Results Call

Magna Announces Second Quarter 2024 Results

Magna Recommends Rejection of "Mini-Tender" Offer

Magna Announces Date for Q3 2024 Results Call

Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM

Magna Announces Third Quarter 2024 Results

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan

Comments

Magna International

Noticias

Últimas noticias sobre Magna International (NYSE:MGA) Bolsa

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL