Magna International Inc
MGA: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #Yn | LOCK|!G | LOCK|<#ht&# |
Magna Earnings: Solid Performance Does Not Merit a Stock Decline, in Our View
Magna's stock closed down 4.5% in May 1 trading after the firm reported first-quarter adjusted diluted earnings per share of $1.38 that beat the $1.01 LSEG consensus. Management maintained full-year adjusted EPS guidance and repurchased $440 million of stock plus another $136 million in April.
