Magna International (NYSE:MGA) Announces Earnings Results, Misses Expectations By $0.12 EPS

Magna International (NYSE:MGA - Get Free Report) TSE: MG announced its earnings results on Friday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12), RTT News reports. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.66 billion. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The business's quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Magna International updated its FY 2025 guidance to EPS.

Magna International Trading Up 1.0 %

Magna International stock traded up $0.34 during trading hours on Friday, hitting $34.86. The stock had a trading volume of 561,567 shares, compared to its average volume of 1,774,738. The business's 50 day simple moving average is $34.44 and its 200-day simple moving average is $39.14. Magna International has a one year low of $30.39 and a one year high of $48.18. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.63 and a beta of 1.52. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Friday, May 16th. Magna International's dividend payout ratio (DPR) is 48.50%.

Wall Street Analyst Weigh In

MGA has been the topic of several research reports. StockNews.com downgraded Magna International from a "buy" rating to a "hold" rating in a research report on Monday. BMO Capital Markets lowered their price objective on Magna International from $47.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday. Veritas raised shares of Magna International to a "hold" rating in a research report on Thursday, April 24th. CIBC raised their price target on shares of Magna International from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, The Goldman Sachs Group cut their price objective on shares of Magna International from $38.00 to $31.00 and set a "sell" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.13.

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.