Magnera (NYSE:MAGN) Posts Quarterly Earnings Results

Magnera (NYSE:MAGN) 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 period in the prior year, the company earned ($0.25) EPS.

Magnera Stock Up 2.3 %

MAGN traded up $0.46 during trading hours on Thursday, hitting $20.05. The company’s stock had a trading volume of 855,369 shares, compared to its average volume of 439,422. The company has a debt-to-equity ratio of 4.26, a current ratio of 2.23 and a quick ratio of 1.04. The stock has a market cap of $70.18 million, a P/E ratio of -1.05 and a beta of 1.67. Magnera has a fifty-two week low of $15.80 and a fifty-two week high of $35.23.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company started coverage on shares of Magnera in a research note on Thursday, January 23rd. They set 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.