Company Overview and News


Add MG
to your dashboard

Headline News

Mr. Market Is Wrong About Magna International's Q3

2017-11-20 seekingalpha
Magna continued its strong revenue and earnings growth run, setting records for sales and EPS while returning over 2.5% of market cap to shareholders. (3-0)

Auto Stock Roundup: MGA, AAP, WPRT, MTOR Beat on Earnings, SUP Misses, GM in Focus

2017-11-17 zacks
Last week saw quite a few auto companies reporting their quarterly numbers. While Magna International Inc. (MGA - Free Report) , Advance Auto Parts Inc. (AAP - Free Report) , Westport Fuel Systems Inc. (WPRT - Free Report) and Meritor, Inc. (MTOR - Free Report) delivered an earnings beat, Superior Industries International Inc. (SUP - Free Report) came up with lower-than-expected earnings numbers. Per a Reuters report, General Motors Co. (11-0)

Linamar Exposed, Magna Not So Much, to U.S. Nafta Auto Threat - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (10-0)

BRIEF-‍TSX accepts Magna International's notice of intention to make normal course issuer bid​

2017-11-13 reuters
* ‍Pursuant to notice, co may purchase up to 35.8 million Magna shares, representing approximately 10% of its public float​ Source text for Eikon: Further company coverage: (3-0)

Why getting rich is better for the world than staying rich: Don Pittis

2017-11-13 cbc.ca
In last week's release of the Paradise Papers, CBC Investigates helped remind us of an alternative objective of capitalism echoed in Washington's quest for tax breaks for the wealthiest. (3-0)

Magna International Inc. 2017 Q3 - Results - Earnings Call Slides

2017-11-10 seekingalpha
The following slide deck was published by Magna International Inc. in conjunction with their 2017 Q3 earnings call. (3-0)

Magna (MGA) Q3 Earnings & Revenues Beat Estimates, Up Y/Y

2017-11-10 zacks
Magna International Inc. (MGA - Free Report) reported third-quarter 2017 earnings per share of $1.36, surpassing the Zacks Consensus Estimate by a couple of cents. The bottom line also improved 5.4% from $1.29 recorded in the same period of 2016. Revenues increased 7.4% year over year to $9.5 billion. The top line also surpassed the Zacks Consensus Estimate of $9.05 billion. The quarter witnessed a 55% increase in complete vehicle assembly sales, reflecting the launch of BMW 5-Series at its assembly facility in Graz, Austria. (38-0)

Magna International third-quarter sales up 7%

2017-11-09 thestar
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com (3-0)

CANADA STOCKS-TSX slips on resource stocks; earnings temper losses

2017-11-09 reuters
TORONTO, Nov 9 (Reuters) - Canada’s main stock index fell on Thursday, weighed down by resource and financial stocks, while a slew of mostly upbeat corporate earnings tempered declines. (32-0)

CANADA STOCKS-TSX eases from record high as quarterly results disappoint

2017-11-08 reuters
TORONTO, Nov 8 (Reuters) - Canada’s main stock index fell on Wednesday, retreating from another record high the previous day, as financial and energy stocks dropped, oil prices declined and corporate results came in below expectations. (190-0)

Coca-Cola's Dividend Won't Be Cut, But The Dividend Doesn't Make The Cut Either

2017-11-02 seekingalpha
My analysis leads me to believe that Coca-Cola will not cut its dividend and is likely to be raised within the previous payout range established over the past 10 years. (23-1)

Continental in talks to buy Israel's Argus Cyber Security - media

2017-10-30 reuters
TEL AVIV (Reuters) - Germany’s Continental AG is in advanced talks to buy Israel’s Argus Cyber Security, which has developed technology to protect connected cars from hacking, for about $400 million, Israeli media reported on Monday. (3-0)

Is David Einhorn Right that Value Investing is Dead?

2017-10-25 zacks
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks. (6-0)

5 Low Price-to-Book Stocks that Make Solid Bets

2017-10-25 zacks
The price-to-book ratio or P/B ratio, sometimes called the market-to-book ratio, is used to calculate how much an investor needs to pay for each dollar of book value of a stock. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. (103-0)

PACCAR (PCAR) Q3 Earnings Drive Past Estimates, Grow Y/Y

2017-10-24 zacks
PACCAR Inc.’s (PCAR - Free Report) third-quarter 2017 earnings were $1.14 per share, up from 98 cents recorded in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.09. Results benefited from a strong European market, increasing market share in North America and global higher market sales. Net sales and financial services revenues increased to $5.06 billion from $4.25 billion recorded in third-quarter 2016. (5-0)