Magna International Inc. (TSE:MG) (NYSE:MGA) – Analysts at Cormark cut their Q3 2017 earnings per share estimates for shares of Magna International in a research note issued on Tuesday. Cormark analyst D. Tyerman now anticipates that the company will earn $1.60 per share for the quarter, down from their previous estimate of $1.69. Cormark also issued estimates for Magna International’s FY2017 earnings at $7.45 EPS, FY2018 earnings at $9.11 EPS, FY2019 earnings at $10.50 EPS, FY2020 earnings at $11.72 EPS and FY2021 earnings at $13.02 EPS.

ILLEGAL ACTIVITY NOTICE: This report was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/26/q3-2017-earnings-estimate-for-magna-international-inc-issued-by-cormark-mg.html.

Shares of Magna International (MG) opened at 70.35 on Thursday. The stock has a 50 day moving average of $65.62 and a 200-day moving average of $60.83. Magna International has a 52 week low of $49.44 and a 52 week high of $70.68. The firm has a market capitalization of $26.02 billion and a price-to-earnings ratio of 12.71.

About Magna International

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company 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.

Earnings History and Estimates for Magna International (TSE:MG)

Receive News & Ratings for Magna International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.