EPS for Magna International Inc. (MGA) Expected At $1.58

February 14, 2018 - By Stephen Andrade

 EPS for Magna International Inc. (MGA) Expected At $1.58

Analysts expect Magna International Inc. (NYSE:MGA) to report $1.58 EPS on February, 23.They anticipate $0.34 EPS change or 27.42 % from last quarter’s $1.24 EPS. MGA’s profit would be $562.22M giving it 8.50 P/E if the $1.58 EPS is correct. After having $1.36 EPS previously, Magna International Inc.’s analysts see 16.18 % EPS growth. The stock decreased 0.57% or $0.31 during the last trading session, reaching $53.75. About 1.06 million shares traded. Magna International Inc. (NYSE:MGA) has risen 15.97% since February 14, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Among 14 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Magna International had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Friday, January 19 by TD Securities. The firm has “Buy” rating by RBC Capital Markets given on Sunday, September 17. Morgan Stanley downgraded the shares of MGA in report on Monday, August 28 to “Equal-Weight” rating. The firm earned “Buy” rating on Friday, January 12 by Wells Fargo. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) on Wednesday, January 17 with “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, June 28. The firm earned “Overweight” rating on Thursday, March 17 by Morgan Stanley. Deutsche Bank maintained Magna International Inc. (NYSE:MGA) rating on Friday, August 14. Deutsche Bank has “Buy” rating and $75 target. The rating was maintained by BMO Capital Markets on Monday, November 6 with “Hold”. Goldman Sachs downgraded Magna International Inc. (NYSE:MGA) on Monday, October 16 to “Sell” rating.

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 $19.13 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 9.59 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: Fool.ca which released: “Could Magna International Inc. Be an Activist Target?” on January 24, 2018, also Fool.ca with their article: “Why Magna International Inc. Is Still a Good Buy” published on June 22, 2017, Fool.ca published: “Is Magna International Inc. About to Drive Off a Cliff?” on August 22, 2017. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Fool.ca and their article: “Steer Clear of Magna International Inc.” published on April 11, 2017 as well as Fool.ca‘s news article titled: “Donald Trump Will Crush Magna International Inc.” with publication date: January 17, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.