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

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

Magna International Trading Down 5.6 %

Magna International stock opened at $33.06 on Friday. Magna International has a one year low of $30.39 and a one year high of $48.18. The business's fifty day moving average is $34.69 and its 200 day moving average is $39.36. The stock has a market capitalization of $9.31 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.87%. This is an increase from Magna International's previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. Magna International's dividend payout ratio (DPR) is currently 48.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on Magna International from $50.00 to $45.00 and set an "in-line" rating for the company in a research note on Tuesday, February 18th. Scotiabank lowered their price target 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. Barclays dropped their price target on shares of Magna International from $47.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 15th. Bank of America downgraded shares of Magna International from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on shares of Magna International from $43.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock 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.

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