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The Latest Breaking News from MGA

Magna International: Q1 Earnings Insights

Magna International (NYSE:MGA) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Magna Clocks 5% Sales Decline In Q1; Cuts FY22 Outlook

Magna Clocks 5% Sales Decline In Q1; Cuts FY22 Outlook

Magna International Inc (NYSE:MGA) (TSX:MG) reported a first-quarter FY22 sales decline of 5.3%, to $9.64 billion, beating the consensus of $9.31 billion. Global light vehicle production growth was down 7%, primarily driven by a 16% decrease in Europe. Body Exteriors & Structures segment sales grew 1.3% Y/Y, Power & Vision fell 3.5%,…

Magna Opens New Facility In Slovakia

Magna Opens New Facility In Slovakia

Magna International Inc (NYSE:MGA) (TSX:MG) has opened a new plant in Kechnec, Slovakia, to expand its ADAS (Advanced Driver Assistance System) and electrification footprint. The brownfield facility will support two European automakers and a new global entrant. The facility is anticipated to begin operation in the fourth quarter of 2022 and will have an area…

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Magna-LG JV Taps GM As Foundational Customer For New Facility In Mexico

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility. The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Expert Ratings For Magna International

Analysts have provided the following ratings for Magna International (NYSE:MGA) within the last quarter:

What 4 Analyst Ratings Have To Say About Magna International

Within the last quarter, Magna International (NYSE:MGA) has observed the following analyst ratings:

BMO Capital Downgrades This Automotive Supplier - Read Why

BMO Capital analyst Peter Sklar downgraded Magna International Inc (NYSE:MGA) to Market Perform from Outperform with a price target of $63, down from $89, implying an 11% upside. The analyst stated that he had previously seen a possibility of a timely resolution of the Ukraine/Russia conflict, but recent developments instead point to a protracted…

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5 Auto Parts Stocks to Buy as Retail Sales Jump

5 Auto Parts Stocks to Buy as Retail Sales Jump

Despite current, multi-decade high inflation, consumer spending rose in January as omicron-variant worries receded. Motor vehicle and parts dealers witnessed a 5.7% rise in retail sales as demand for automobiles climbed thanks to the continuing economic recovery. So, we think it could be wise to bet on quality auto parts…

Magna Clocks 14% Sales Decline In Q4 On Chip Shortages, Lags Consensus

Magna Clocks 14% Sales Decline In Q4 On Chip Shortages, Lags Consensus

Magna International Inc (NYSE:MGA) reported a fourth-quarter FY21 sales decline of 14% year-on-year, to $9.11 billion, missing the analyst consensus of $9.31 billion. Global light vehicle production declined 17%, primarily driven by the semiconductor chip shortages the industry has faced throughout 2021. Body Exteriors & Structures segment sales decreased 18% Y/Y, Power &…

Recap: Magna International Q4 Earnings

Recap: Magna International Q4 Earnings

Magna International (NYSE:MGA) reported its Q4 earnings results on Friday, February 11, 2022 at 05:00 AM. Here's what investors need to know about the announcement.

Earnings Outlook For Magna International

Earnings Outlook For Magna International

Magna International (NYSE:MGA) is set to give its latest quarterly earnings report on Friday, 2022-02-11. Here's what investors need to know before the announcement. Analysts estimate that Magna International will likely report an Earnings Per Share (EPS) of $1.59.

Magna International's Debt Overview

Magna International's Debt Overview

Shares of Magna International (NYSE:MGA) decreased by 8.06% in the past three months. Before we understand the importance of debt, let us look at how much debt Magna International has.

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