Magna International (MGA) Projected to Post Quarterly Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG will likely be releasing its Q1 2025 earnings data before the market opens on Friday, May 2nd. Analysts expect Magna International to post earnings of $0.89 per share and revenue of $9.66 billion for the quarter. Magna International has set its FY 2025 guidance at EPS.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its earnings results on Friday, February 14th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.23. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The company had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.32 billion. During the same period in the prior year, the company posted $1.33 earnings per share. Magna International's quarterly revenue was up 1.7% on a year-over-year basis. 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 Stock Performance

MGA stock traded down $0.25 during midday trading on Wednesday, hitting $34.76. The company's stock had a trading volume of 2,290,546 shares, compared to its average volume of 1,773,905. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.63 and a beta of 1.56. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $34.86 and its 200 day moving average price is $39.48. Magna International has a 1 year low of $30.39 and a 1 year high of $48.64.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.485 dividend. This is an increase from Magna International's previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend was Friday, February 28th. Magna International's payout ratio is 55.27%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James lowered their price objective on shares of Magna International from $53.00 to $50.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group dropped their price objective on Magna International from $38.00 to $31.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley decreased their target price on Magna International from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Evercore ISI dropped their price target on Magna International from $50.00 to $45.00 and set an "in-line" rating on the stock in a research report on Tuesday, February 18th. Finally, TD Securities decreased their price objective on Magna International from $47.00 to $44.00 and set a "buy" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $43.74.

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.