Magna International Inc. Stock News

As a presidential candidate, Donald Trump liked to call himself "tariff man." Now that he's back in the White House, he's living up to his self-given nickname.

Magna International posted a positive FY 2024 report, beating analysts' EPS consensus estimate, and showing improved EBIT and effective cost management. The company is undervalued with a trailing P/E of 7.01x and EV/EBITDA of 4.55x, presenting a 23% margin of safety. MGA's positive FCF outlook and robust dividend yield, supported by strong liquidity and cash flow, make it an attractive buy desp...

S&P Global extends its 52-year dividend growth streak with a 5.5% increase, highlighting financial health and stability. My strategy focuses on stocks with consistent dividend growth and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from U.S. Dividend Champions and NASDAQ to identify companies with at least five years of dividend growth.

Magna International Inc. (NYSE:MGA ) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Louis Tonelli - VP, IR Swamy Kotagiri - CEO Patrick McCann - EVP and CFO Conference Call Participants Tamy Chen - BMO Capital Markets Dan Levy - Barclays Chris McNally - Evercore ISI Joseph Spak - UBS Securities Tom Narayan - RBC Capital Markets Brian Morrison - TD Cowen James...

Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised quarterly cash...

AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation and excellence. This collaboration has spanned multiple areas of the vehicle, including powertrain and drivetrain systems, ADAS technologies, body and chassis components, electrification, interior systems, vehicle assembly, and more.

The shares of Magna International (MGA -7.89%) plunged 11.6% this morning as panic gripped investors after President Donald Trump announced plans to impose hefty import tariffs over the weekend, including a 25% levy on imports from Canada and Mexico, with a 10% tariff on imports from China.

AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company's flexible approach to sup...