MGA FY2025 EPS Estimate Raised by Raymond James Financial

Key Points

• Raymond James Financial has raised its FY2025 earnings per share estimate for Magna International from $4.74 to $5.03, while the current consensus estimate remains higher at $5.87.
• Magna International reported a quarterly EPS of $1.44, exceeding analyst expectations of $1.19, despite a 3% drop in revenue year-over-year to $10.82 billion.
• Institutional ownership of Magna International is significant, with 67.49% of shares held by institutional investors, indicating strong market confidence in the company.

Magna International Inc. (NYSE:MGA - Free Report) TSE: MG - Equities research analysts at Raymond James Financial boosted their FY2025 earnings per share estimates for Magna International in a research report issued on Tuesday, August 5th. Raymond James Financial analyst M. Glen now anticipates that the company will post earnings of $5.03 per share for the year, up from their prior forecast of $4.74. The consensus estimate for Magna International's current full-year earnings is $5.87 per share. Raymond James Financial also issued estimates for Magna International's Q4 2025 earnings at $1.64 EPS, Q1 2026 earnings at $1.45 EPS, Q4 2026 earnings at $1.58 EPS and FY2026 earnings at $6.04 EPS.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings results on Friday, August 1st. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.25. Magna International had a net margin of 2.91% and a return on equity of 11.89%. The business had revenue of $10.82 billion for the quarter, compared to analysts' expectations of $10.10 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. The business's quarterly revenue was down 3.0% compared to the same quarter last year.

MGA has been the subject of several other reports. Cfra Research raised shares of Magna International to a "hold" rating in a research note on Monday. Wall Street Zen raised Magna International from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley lowered their price objective on shares of Magna International from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Veritas raised shares of Magna International to a "hold" rating in a research report on Thursday, April 24th. Finally, Evercore ISI boosted their price objective on Magna International from $37.00 to $40.00 and gave the stock an "in-line" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.36.

Magna International Price Performance

Magna International stock opened at $41.98 on Thursday. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.97 and a beta of 1.51. Magna International has a 52-week low of $30.39 and a 52-week high of $47.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.16. The stock's 50 day moving average price is $39.76 and its two-hundred day moving average price is $37.40.

Magna International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.94 annualized dividend and a dividend yield of 4.6%. Magna International's payout ratio is 45.54%.

Institutional Trading of Magna International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Magna International by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 252,500 shares of the company's stock worth $8,582,000 after acquiring an additional 13,220 shares in the last quarter. ARK Investment Management LLC bought a new position in Magna International in the first quarter worth $5,478,000. Janney Montgomery Scott LLC lifted its position in Magna International by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 251,832 shares of the company's stock valued at $8,560,000 after buying an additional 41,811 shares during the period. ARGA Investment Management LP boosted its holdings in shares of Magna International by 17.0% during the 1st quarter. ARGA Investment Management LP now owns 2,997,857 shares of the company's stock valued at $101,890,000 after buying an additional 436,366 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Magna International by 99.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 50,462 shares of the company's stock worth $2,108,000 after buying an additional 25,142 shares during the period. Hedge funds and other institutional investors own 67.49% of the company's stock.

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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