What is Scotiabank’s Estimate for MGA FY2025 Earnings?

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities research analysts at Scotiabank boosted their FY2025 earnings per share estimates for shares of Magna International in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will earn $6.49 per share for the year, up from their previous forecast of $6.34. Scotiabank currently has a “Sector Perform” rating and a $52.00 price target on the stock. The consensus estimate for Magna International’s current full-year earnings is $5.22 per share.

Magna International (NYSE:MGA) (TSE:MG) last released its earnings results on Friday, November 1st. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.20). The company had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Magna International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada lowered their price target on Magna International from $42.00 to $41.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on Magna International from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group lowered Magna International from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $42.00 to $41.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.88.

Magna International Stock Up 2.1 %

Shares of Magna International stock opened at $40.37 on Monday. The company has a 50-day simple moving average of $43.35 and a two-hundred day simple moving average of $42.29. Magna International has a 52-week low of $38.01 and a 52-week high of $59.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. The stock has a market capitalization of $11.42 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kennebec Savings Bank bought a new stake in Magna International during the third quarter valued at about $32,000. Grove Bank & Trust grew its position in shares of Magna International by 70.4% during the third quarter. Grove Bank & Trust now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 343 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Magna International by 84.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,121 shares of the company’s stock valued at $46,000 after purchasing an additional 513 shares during the period. Tobam lifted its holdings in Magna International by 94.3% in the 3rd quarter. Tobam now owns 4,373 shares of the company’s stock worth $179,000 after purchasing an additional 2,122 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Magna International in the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Magna International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, November 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.71%. Magna International’s dividend payout ratio (DPR) is presently 50.80%.

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.