Magna International Inc. (MGA) EPS Estimated At $1.68 on May, 10

May 3, 2018 - By Bridget Boland

Magna International Inc. (NYSE:MGA) Corporate Logo

On May, 10 WallStreet anticipated Magna International Inc. (NYSE:MGA)’s earnings report, according to Zacks. Analysts forecast $1.68 EPS. That’s $0.15 up or 9.80 % from 2017’s earnings of $1.53. If EPS of $1.68 is reported the profit of MGA could be $607.40M giving it 8.82 P/E. After $1.57 EPS report previous quarter, Wall Street now forecasts 7.01 % EPS growth of Magna International Inc.. The stock decreased 0.94% or $0.56 during the last trading session, touching $59.27.Magna International Inc. has volume of 119,523 shares. Since May 3, 2017 MGA has risen 26.62% and is uptrending. MGA outperformed by 15.07% the S&P 500.

Magna International Inc. (NYSE:MGA) Ratings Coverage

A total of 9 analysts rate Magna International (NYSE:MGA) as follows: 5 “Buy”, 3 “Hold” and 1 “Sell”. Тherefore 56% are bullish. (NYSE:MGA) has 15 ratings reports on May 3, 2018 according to StockzIntelligence. On Friday, January 12 the company was upgraded by Wells Fargo. On Wednesday, January 10 RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) with “Buy” rating. On Thursday, March 22 the firm has “Sell” rating given by Morgan Stanley. On Wednesday, March 14 the stock of Magna International Inc. (NYSE:MGA) earned “Hold” rating by Susquehanna. On Monday, November 6 the firm has “Hold” rating by BMO Capital Markets given. On Tuesday, January 16 the company was maintained by KeyBanc Capital Markets. On Thursday, February 22 the company was maintained by RBC Capital Markets. On Wednesday, January 17 the rating was maintained by RBC Capital Markets with “Buy”. On Friday, March 16 the stock has “Buy” rating by Bank of America. On Friday, January 19 the firm earned “Hold” rating by TD Securities.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America.The company has $21.43 billion market cap. 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.The P/E ratio is 10.05. 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.

Magna International Inc. (NYSE:MGA) Analyst Ratings Chart

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