Magna International Inc. (TSE:MG) (NYSE:MGA) Director Tommy Joseph Skudutis sold 68,313 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$70.58, for a total transaction of C$4,821,251.46. Following the completion of the sale, the director now owns 9,574 shares in the company, valued at C$675,693.67.
Magna International stock opened at C$71.50 on Friday. The company’s 50-day moving average price is C$65.47 and its 200-day moving average price is C$65.68. Magna International Inc. has a twelve month low of C$57.34 and a twelve month high of C$76.11. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 43.01. The company has a market cap of $22.06 billion and a PE ratio of 9.19.
Magna International (TSE:MG) (NYSE:MGA) last posted its earnings results on Thursday, August 8th. The company reported C$2.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.08 by C$0.05. The business had revenue of C$13.55 billion during the quarter, compared to the consensus estimate of C$13.37 billion. As a group, sell-side analysts expect that Magna International Inc. will post 7.1900005 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a dividend of $0.482 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.93 annualized dividend and a yield of 2.70%. Magna International’s payout ratio is 17.86%.
Magna International Company Profile
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.
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