Magnera (NYSE:MAGN – Get Free Report) released its earnings results on Thursday. The company reported ($1.69) earnings per share (EPS) for the quarter, Zacks reports. Magnera had a negative net margin of 5.08% and a negative return on equity of 17.71%. During the same period last year, the business posted ($0.25) earnings per share.
Magnera Trading Up 3.0 %
Shares of MAGN opened at $20.17 on Friday. Magnera has a 52-week low of $15.80 and a 52-week high of $35.23. The company has a quick ratio of 1.04, a current ratio of 2.23 and a debt-to-equity ratio of 4.26.
Analyst Ratings Changes
Separately, Wells Fargo & Company began coverage on shares of Magnera in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $22.00 target price 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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