Somewhat Positive Press Coverage Somewhat Unlikely to Impact Magna International (NYSE:MGA) Share Price
News headlines about Magna International (NYSE:MGA) (TSE:MG) have trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Magna International earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1557802034811 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Magna International (MGA) traded down $0.62 during trading hours on Monday, hitting $58.36. 201,286 shares of the company were exchanged, compared to its average volume of 1,267,402. The firm has a market cap of $21,283.52, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.93 and a beta of 1.49. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 0.28. Magna International has a 1-year low of $39.50 and a 1-year high of $59.99.
Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Thursday, November 9th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.31 by $0.05. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.26 billion. Magna International had a net margin of 5.63% and a return on equity of 19.46%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. equities analysts anticipate that Magna International will post 5.97 earnings per share for the current year.
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About Magna International
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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