Magna(MGA)

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Magna International Q1: It Seems Like The Performance May Continue To Deteriorate
Seeking Alpha· 2025-05-05 19:48
Magna International Inc. (NYSE: MGA ) recently reported its Q1 earnings , so I thought I’d go through the numbers and give some thoughts on the current tariff situation and how it may affect the company’s performance in 2025.MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to ...
Magna Q1 Earnings Miss Expectations, 2025 Guidance Revised
ZACKS· 2025-05-05 19:40
Magna International (MGA) reported first-quarter 2025 adjusted earnings of 78 cents per share, which decreased from the year-ago quarter’s $1.08, missing the Zacks Consensus Estimate of 90 cents.Net sales decreased 8.21% year over year to $10.06 billion but surpassed the Zacks Consensus Estimate of $9.5 billion.MGA’s Segmental PerformanceThe Body Exteriors & Structures segment’s revenues were $3.97 billion, down 10% year over year. This was due to lower production and the end of production of certain progra ...
Here's What Key Metrics Tell Us About Magna (MGA) Q1 Earnings
ZACKS· 2025-05-02 14:35
For the quarter ended March 2025, Magna (MGA) reported revenue of $10.07 billion, down 8.2% over the same period last year. EPS came in at $0.78, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +5.70% over the Zacks Consensus Estimate of $9.53 billion. With the consensus EPS estimate being $0.90, the EPS surprise was -13.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Magna (MGA) Q1 Earnings Lag Estimates
ZACKS· 2025-05-02 12:05
Group 1: Earnings Performance - Magna reported quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share, and down from $1.08 per share a year ago, representing an earnings surprise of -13.33% [1] - The company posted revenues of $10.07 billion for the quarter, surpassing the Zacks Consensus Estimate by 5.70%, but down from $10.97 billion year-over-year [2] - Over the last four quarters, Magna has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - Magna shares have declined approximately 16.2% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $9.75 billion, and for the current fiscal year, it is $5.02 on revenues of $38.94 billion [7] - The estimate revisions trend for Magna is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Magna belongs, is currently in the bottom 32% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Magna's stock performance [5]
Magna Announces First Quarter 2025 Results
GlobeNewswire· 2025-05-02 09:00
Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturne ...
Analysts Estimate Magna (MGA) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-04-25 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Magna (MGA) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 2. On the other ha ...
Magna International Inc. Announces Date for First Quarter 2025 Results Webcast
GlobeNewswire· 2025-04-08 21:00
AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/975055076 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBR ...
Magna to Showcase Advanced Innovations at Auto Shanghai 2025
Newsfilter· 2025-04-08 04:01
Magna's vehicle technologies and high-performance parts and systems to be on displayKey focus areas include sustainable innovations, ADAS, personalized brand experiences and complete vehicle solutionsPress conference on April 24 at Magna Booth 2BC011 in Hall 2.2 SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) -- For over 65 years, Magna has been at the forefront of automotive innovation. For the first time, the company will exhibit at Auto Shanghai 2025, presenting essential vehicle technologies and high-performa ...
Magna Posts 2024 Annual Report
GlobeNewswire· 2025-03-28 20:47
Core Insights - Magna International Inc. has released its 2024 Annual Report, which includes Management's Discussion and Analysis, Audited Consolidated Financial Statements, Annual Information Form, and Form 40-F, available on its website [1] - The company will hold its 2025 Annual and Special Meeting of Shareholders on May 8, 2025, as a virtual-only meeting [2] - Magna offers free paper copies of its audited financial statements upon request [3] Company Overview - Magna is one of the largest suppliers in the automotive industry, operating as a mobility technology company with over 170,000 employees across 341 manufacturing operations and 106 product development, engineering, and sales centers in 28 countries [4] - The company has over 65 years of expertise in the automotive sector, positioning itself uniquely to advance mobility in an evolving transportation landscape [4] - The employee count includes over 158,000 at wholly owned or controlled entities and over 12,000 at operations accounted for under the equity method [6]
Mega Uranium Announces Results of Annual & Special Shareholder Meeting
GlobeNewswire· 2025-03-24 21:44
Core Points - Mega Uranium Ltd. held its annual and special shareholder meeting on March 24, 2025, where all nominated directors were elected by a majority of shareholders [1] - The voting results showed high approval rates for the nominees, with Brigitte Berneche and Asha Daniere receiving 98.6% of votes in favor, while Larry Goldberg and Stewart Taylor received 98.9% [1] - Ernst & Young LLP was appointed as the company's auditors until the next annual meeting, and shareholders approved the unallocated stock options under the company's stock option plan [1] Voting Results - Brigitte Berneche: 121,173,411 shares voted for (98.6%), 1,681,893 shares withheld (1.4%) [1] - Albert Contardi: 120,985,074 shares voted for (98.5%), 1,870,230 shares withheld (1.5%) [1] - Asha Daniere: 121,142,042 shares voted for (98.6%), 1,713,262 shares withheld (1.4%) [1] - Larry Goldberg: 121,458,261 shares voted for (98.9%), 1,397,043 shares withheld (1.1%) [1] - Stewart Taylor: 121,450,913 shares voted for (98.9%), 1,404,391 shares withheld (1.1%) [1] Company Overview - Mega Uranium Ltd. is based in Toronto and focuses on the Georgetown uranium property in Australia, along with a portfolio of equity investments in uranium-focused public and private companies [3]