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

Magna International (NYSE:MGA - Get Free Report) TSE: MG is expected to be announcing its Q1 2025 earnings results 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 announced its earnings results on Friday, February 14th. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.23. The company had revenue of $10.63 billion for the quarter, compared to analyst estimates of $10.32 billion. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. 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 Price Performance

NYSE:MGA traded down $0.55 during trading hours on Wednesday, reaching $34.46. 93,512 shares of the company were exchanged, compared to its average volume of 1,907,503. The company has a market capitalization of $9.71 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.63 and a beta of 1.56. Magna International has a 1-year low of $30.39 and a 1-year high of $48.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 0.77. The business has a 50 day moving average of $34.93 and a 200 day moving average of $39.51.

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.485 dividend. This is a positive change from Magna International's previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 5.63%. Magna International's dividend payout ratio (DPR) is presently 55.27%.

Analysts Set New Price Targets

MGA has been the subject of several analyst reports. Bank of America downgraded shares of Magna International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $52.00 to $48.00 in a research note on Tuesday, March 4th. Evercore ISI decreased their target price on Magna International from $50.00 to $45.00 and set an "in-line" rating for the company in a research report on Tuesday, February 18th. TD Securities dropped their price objective on Magna International from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday. Raymond James reduced their price target on Magna International from $53.00 to $50.00 and set a "market perform" rating for the company in a research report on Tuesday, February 18th. Finally, UBS Group cut their target price on Magna International from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $43.74.

Magna International Company Profile

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.