Magna International (NYSE:MGA) Issues Earnings Results

Magna International (NYSE:MGA) (TSE:MG) released its earnings results on Friday. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23, Zacks reports. The company had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Magna International had a net margin of 2.52% and a return on equity of 11.88%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. Magna International updated its FY 2025 guidance to EPS.

Magna International Stock Down 4.5 %

MGA opened at $37.89 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. Magna International has a one year low of $35.05 and a one year high of $56.12. The business’s fifty day moving average is $41.14 and its two-hundred day moving average is $41.67. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.60 and a beta of 1.61.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Magna International’s previous quarterly dividend of $0.48. Magna International’s dividend payout ratio is currently 50.80%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MGA. UBS Group boosted their price objective on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their price objective on shares of Magna International from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. StockNews.com raised shares of Magna International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. CIBC upped their price objective on shares of Magna International from $46.00 to $51.00 in a report on Monday, January 13th. Finally, Wolfe Research upgraded shares of Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.24.

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.