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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Magna International Inc.    MG   CA5592224011

MAGNA INTERNATIONAL INC.

(MG)
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Magna International : 4Q Profit Fell; Backs Outlook

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02/21/2020 | 05:36am EDT

By Giulia Petroni

 

Magna International Inc. on Friday reported a fall in fourth-quarter profit and backed its outlook.

The Canada-based mobility-technology company earned a quarterly profit of $440 million, or $1.43 a share, compared with $456 million, or $1.37 a share, for the same period last year. Excluding items, Magna International reported an adjusted profit of $1.41 a share for the quarter, compared with $1.63 last year.

Sales fell to $9.40 billion from $10.14 billion the previous year.

The company attributed the decrease partly to a labour strike at General Motors Co., which had a negative impact on sales and profits for both the third and fourth quarters of 2019.

Magna International said it raised its quarterly cash dividend by 10% to 40 cents a share.

The company backed its outlook for 2020, saying it didn't make any adjustments in relation to the coronavirus, as it is difficult at this stage to forecast the impact of the epidemic on its facilities in China or any adverse impact on the region's economy.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -2.53% 20.78 Delayed Quote.-43.22%
MAGNA INTERNATIONAL INC. -0.16% 44.91 Delayed Quote.-36.92%
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Financials (USD)
Sales 2020 34 690 M
EBIT 2020 1 923 M
Net income 2020 1 695 M
Debt 2020 2 033 M
Yield 2020 5,02%
P/E ratio 2020 5,50x
P/E ratio 2021 4,53x
EV / Sales2020 0,34x
EV / Sales2021 0,31x
Capitalization 9 652 M
Chart MAGNA INTERNATIONAL INC.
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Magna International Inc. Technical Analysis Chart | MG | CA5592224011 | MarketScreener
Technical analysis trends MAGNA INTERNATIONAL INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 45,67  $
Last Close Price 31,89  $
Spread / Highest target 84,1%
Spread / Average Target 43,2%
Spread / Lowest Target -20,2%
EPS Revisions
Managers
NameTitle
Donald J. Walker Chief Executive Officer & Director
Bill L. Young Chairman
Tommy J. Skudutis Chief Operating Officer & Executive VP
Vincent J. Galifi Chief Financial Officer & Executive Vice President
Seetarama Kotagiri Chief Technology Officer & Executive VP
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