Magna International (MGA) to Release 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 the company to announce earnings of $0.90 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 quarterly earnings data on Friday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). The business had revenue of $9.68 billion for the quarter, compared to analysts' expectations of $9.66 billion. Magna International had a net margin of 2.36% and a return on equity of 12.78%. The firm's revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. 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

Shares of MGA stock traded up $0.50 during trading hours on Monday, reaching $33.56. The company had a trading volume of 930,193 shares, compared to its average volume of 1,964,235. Magna International has a 12-month low of $30.39 and a 12-month high of $48.18. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.63 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a fifty day moving average of $34.69 and a 200-day moving average of $39.34.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Friday, February 28th. This is a positive change from Magna International's previous quarterly dividend of $0.48. Magna International's payout ratio is currently 48.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MGA shares. BMO Capital Markets reduced their target price on shares of Magna International from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday. CIBC reduced their target price on Magna International from $44.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of Magna International from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Scotiabank dropped their target price on shares of Magna International from $45.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. 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, fifteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.91.

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.