Magnera (NYSE:MAGN – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($1.69) EPS 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 earned ($0.25) earnings per share.
Magnera Trading Up 3.0 %
NYSE:MAGN opened at $20.17 on Friday. Magnera has a 12 month low of $15.80 and a 12 month high of $35.23. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.04 and a current ratio of 2.23.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company initiated coverage on Magnera in a research report on Thursday, January 23rd. They set an “overweight” rating and a $22.00 price objective for the company.
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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