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

Magna International (NYSE:MGA - Get Free Report) TSE: MG posted 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), RTT News reports. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company'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 Price Performance

NYSE MGA traded up $0.34 during trading hours on Friday, reaching $34.86. The company's stock had a trading volume of 561,567 shares, compared to its average volume of 1,774,738. 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 1-year low of $30.39 and a 1-year high of $48.18. The company's 50-day moving average is $34.44 and its two-hundred day moving average is $39.14. The firm has a market capitalization 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.

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Friday, May 16th. Magna International's dividend payout ratio (DPR) is presently 48.50%.

Wall Street Analysts Forecast Growth

MGA has been the subject of several research reports. BMO Capital Markets lowered their target price on Magna International from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Monday. Bank of America downgraded shares of Magna International from a "buy" rating to a "neutral" rating and cut their target price for the company from $52.00 to $48.00 in a research report on Tuesday, March 4th. Raymond James dropped their price objective on shares of Magna International from $53.00 to $50.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 18th. CIBC boosted their price objective on shares of Magna International from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, StockNews.com downgraded Magna International from a "buy" rating to a "hold" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Magna International presently has an average rating of "Hold" and an average price target of $42.13.

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.