Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG will be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Magna International to post earnings of $1.26 per share for the quarter. Magna International has set its FY 2026 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its quarterly earnings data on Friday, February 9th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.13). The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.44 billion. Magna International had a net margin of 2.83% and a return on equity of 13.15%. The company's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.91 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 Up 0.9 %

MGA traded up $0.43 during midday trading on Friday, hitting $49.13. 1,139,240 shares of the company were exchanged, compared to its average volume of 1,363,186. The firm has a market capitalization of $14.11 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.49 and a beta of 1.69. Magna International has a 1-year low of $46.71 and a 1-year high of $65.27. The firm's 50 day moving average price is $52.77 and its 200-day moving average price is $54.14. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 0.34.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a $0.475 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Magna International's previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 3.87%. Magna International's dividend payout ratio (DPR) is 45.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets lowered their price objective on Magna International from $67.00 to $65.00 and set an "outperform" rating for the company in a research report on Monday, February 12th. CIBC lowered their price objective on Magna International from $61.00 to $59.00 and set a "neutral" rating for the company in a research report on Friday, April 19th. UBS Group lifted their price objective on Magna International from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 17th. The Goldman Sachs Group lowered Magna International from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $73.00 to $58.00 in a research report on Wednesday, January 3rd. Finally, Barclays lowered their price objective on Magna International from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, April 11th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.50.

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.