Magna International (MGA) Projected to Post Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG will likely be issuing its Q1 2025 quarterly earnings data 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 results on Friday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). The business had revenue of $9.68 billion during the quarter, compared to analysts' expectations of $9.66 billion. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The business's revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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 Trading Down 5.6 %

Magna International stock traded down $1.95 during mid-day trading on Friday, reaching $33.06. 4,580,610 shares of the company traded hands, compared to its average volume of 1,773,955. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 0.77. Magna International has a 52-week low of $30.39 and a 52-week high of $48.18. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 0.63 and a beta of 1.52. The firm's 50 day moving average price is $34.69 and its 200 day moving average price is $39.36.

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 given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 5.87%. This is a boost 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 research firms have weighed in on MGA. Evercore ISI reduced their target price on Magna International from $50.00 to $45.00 and set an "in-line" rating on the stock in a report on Tuesday, February 18th. Barclays reduced their price target on Magna International from $47.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 15th. Raymond James lowered their price objective 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. Bank of America downgraded shares of Magna International from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target on shares of 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, 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.