Magna International (MGA) Expected to Announce Quarterly Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG is anticipated to release its Q2 2025 earnings data before the market opens on Friday, August 1st. Analysts expect Magna International to post earnings of $1.18 per share and revenue of $10.10 billion for the quarter. Magna International has set its FY 2025 guidance at EPS.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). Magna International had a return on equity of 11.96% and a net margin of 2.73%. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company's revenue was down 8.2% compared to the same quarter last year. On average, analysts expect Magna International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Magna International Trading Down 0.2%

NYSE MGA traded down $0.08 during trading hours on Monday, hitting $42.52. 740,426 shares of the company were exchanged, compared to its average volume of 1,140,514. The stock has a 50-day moving average price of $38.99 and a 200 day moving average price of $37.32. The company has a quick ratio of 0.74, a current ratio of 1.06 and a debt-to-equity ratio of 0.32. Magna International has a 52 week low of $30.39 and a 52 week high of $47.22. The stock has a market cap of $11.98 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.50.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.94 annualized dividend and a yield of 4.56%. Magna International's payout ratio is currently 48.50%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley dropped their target price on Magna International from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group dropped their target price on Magna International from $38.00 to $31.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company boosted their target price on Magna International from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. CIBC boosted their target price on Magna International from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Veritas upgraded Magna International to a "hold" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Magna International presently has an average rating of "Hold" and an average target price of $42.71.

Institutional Trading of Magna International

A hedge fund recently raised its stake in Magna International stock. Integrated Wealth Concepts LLC boosted its stake in shares of Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,808 shares of the company's stock after buying an additional 1,123 shares during the period. Integrated Wealth Concepts LLC's holdings in Magna International were worth $231,000 as of its most recent filing with the Securities & Exchange Commission. 67.49% of the stock is owned by institutional investors and hedge funds.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.