Magnera (NYSE:MAGN – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($1.69) earnings per share for the quarter, Zacks reports. Magnera had a negative return on equity of 17.71% and a negative net margin of 5.08%. During the same quarter last year, the business posted ($0.25) EPS.
Magnera Trading Up 3.7 %
Shares of MAGN stock traded up $0.72 on Thursday, reaching $20.31. 892,187 shares of the stock were exchanged, compared to its average volume of 440,481. The company has a quick ratio of 1.04, a current ratio of 2.23 and a debt-to-equity ratio of 4.26. Magnera has a one year low of $15.80 and a one year high of $35.23. The company has a market cap of $71.09 million, a P/E ratio of -1.06 and a beta of 1.67.
Analyst Ratings Changes
Separately, Wells Fargo & Company assumed coverage on Magnera in a research report on Thursday, January 23rd. They set an “overweight” rating and a $22.00 price target on the stock.
Magnera Company Profile
Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions propel our customers’ goals forward and solve end-users’ problems, every day.
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