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MGA

Magna International Inc.

6/19/2013, 10:14 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, May 13, 11:07 AM More Chinese companies are popping up in Detroit as they prepare for the eventuality of a major Chinese auto manufacturer selling cars in the U.S. For the most part, the firms are flying under the radar, but the numbers are starting to swell. The Detroit Chinese Business Association now has over 100 Chinese-owned businesses in its membership with the largest percentage geared toward supplying the automobile industry. It's a trend to watch for auto suppliers (AXL, ARMH, ALV, BWA, CLC, DAN, FDML, GNTX, JCI, MGA, TEN, TRW, WBC) used to having a home field advantage with the Big Three automakers. Comment! [Consumer]
Friday, May 10, 10:40 AM More on Magna's (MGA +3.8%) Q1 earnings: Y/Y revenue growth, EBIT growth, and EPS growth come in at 9%, 4%, and 8% respectively. Complete vehicle assembly sales rise 33% to $798M. FY13 outlook is strong relative to both previous guidance and consensus as MGA sees total sales of $32.6-34B for the full year against expectations of $32.77B. (PR) Comment! [On the Move, Earnings]
Friday, May 10, 10:29 AM Magna (MGA): Q1 EPS of $1.57 beats by $0.13. Revenue of $8.361B (+9% Y/Y) beats by $270M. (PR) Comment! [Earnings]
Friday, March 1, 5:41 AM Magna (MGA): Q4 EPS of $1.49 beats by $0.32. Revenue of $8.03B (+11% Y/Y) beats by $0.29B. (PR) Comment! [Earnings, Breaking News, Consumer]
Friday, March 1, 12:05 AM Notable earnings before Friday’s open: AMRC, BBY, EVEP, FWLT, HPT, MGA, NVAX, POM, XLS Comment! [Earnings]
Thursday, February 28, 5:30 PM Notable earnings before Friday’s open: AMRC, BBY, EVEP, FWLT, HPT, MGA, NVAX, POM, XLS Comment! [Earnings]
Friday, December 21, 2012, 10:32 AM RBC Capital releases its top global stocks for 2013 and, unsurprisingly, a handful of Canadian companies make the cut: BAM, MGA, SLW, TD, TU, VRX, DLMAF.PK, TFIFF.PK. Among other favorites: CBS, CLH, DFS, PCP, SHW, TUWLF.PK. The firm says the stocks should benefit from both a cyclical recovery and company-specific tailwinds. 1 Comment [Quick Ideas]
Thursday, November 8, 2012, 10:24 AM Magna International, Inc. CL A (MGA) declares $0.275/share quarterly dividend. For shareholders of record Nov. 30. Payable Dec. 14. Ex-div Nov. 28. (PR) Comment! [Dividends]
Thursday, November 8, 2012, 6:27 AM Magna International (MGA): Q3 EPS of $1.66 beats by $0.64. Revenue of $7.4B (+6.3% Y/Y) beats by $360M. (PR) Comment! [Earnings, Consumer]
Monday, October 1, 2012, 12:40 PM Magna International (MGA +2.4%) strengthens its position in automotive pumps, agreeing to buy a German maker of automotive vacuum, engine and transmission pumps for ~$397M and, in a separate purchase, acquiring the 50% stake it doesn't already own in STT Technologies, a supplier of transmission and engine-related oil pumps. Comment! [Consumer, M&A, On the Move]
Thursday, May 10, 2012, 10:37 AM Magna International (MGA +4.4%) shoots up after reporting Q1 results that came in well-ahead of estimates and raising its view for total sales for 2012. Comment! [On the Move]
Wednesday, March 28, 2012, 9:27 AM Carbon fiber maker Zoltek (ZOLT) gains 12.4% after announcing a partnership with automotive subsystem vendor Magna International (MGA) to develop carbon fiber compounds for the automotive market. Needham is responding by upgrading Zoltek to Hold, arguing the deal gives the company a needed foothold in a giant market. Comment! [Tech, On the Move]
Thursday, February 23, 2012, 5:19 PM Magna International (MGA): Q4 EPS of $1.32 beats by $0.31. Revenue of $7.25B (+12.6% Y/Y) beats by $60M. Shares -0.5% AH. (PR) Comment! [Earnings, Consumer]
Thursday, February 23, 2012, 12:10 AM Notable earnings after Thursday's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO Comment! [Earnings]
Wednesday, February 22, 2012, 5:35 PM Notable earnings after Thursday 's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO Comment! [Earnings]
Wednesday, January 11, 2012, 8:39 AM American Axle (AXL) joins peer Magna (MGA) in forecasting increased 2012 revenue, saying sales will rise to $2.8B-$2.9B vs. Street estimates of $2.8B. The figure would beat projected revenue of $2.6B in 2011, which is in line with consensus. (PR) Comment! [Earnings]