Analysts expect Magna International Inc. (NYSE:MGA) (TSE:MG) to report $1.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Magna International’s earnings. The lowest EPS estimate is $1.48 and the highest is $1.65. Magna International posted earnings per share of $1.24 in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.4%. The business is scheduled to announce its next quarterly earnings report on Friday, February 23rd.

According to Zacks, analysts expect that Magna International will report full-year earnings of $5.97 per share for the current fiscal year, with EPS estimates ranging from $5.89 to $6.05. For the next financial year, analysts anticipate that the company will report earnings of $6.67 per share, with EPS estimates ranging from $5.85 to $7.21. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Magna International.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.05. Magna International had a net margin of 5.63% and a return on equity of 19.46%. The company had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period in the prior year, the company posted $1.29 earnings per share. Magna International’s revenue for the quarter was up 7.3% compared to the same quarter last year.

MGA has been the topic of several research analyst reports. BMO Capital Markets reissued a “hold” rating on shares of Magna International in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Magna International from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. ValuEngine raised shares of Magna International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Bank of America raised shares of Magna International from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Wednesday, October 18th. Finally, TD Securities reissued a “buy” rating and set a $56.00 target price on shares of Magna International in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Magna International currently has a consensus rating of “Buy” and a consensus target price of $56.00.

Several institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group lifted its stake in shares of Magna International by 2.5% in the third quarter. Schroder Investment Management Group now owns 1,166,272 shares of the company’s stock valued at $77,207,000 after buying an additional 28,024 shares in the last quarter. Becker Capital Management Inc. lifted its stake in shares of Magna International by 2.0% in the third quarter. Becker Capital Management Inc. now owns 804,100 shares of the company’s stock valued at $42,923,000 after buying an additional 15,515 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Magna International by 13.0% in the third quarter. Parametric Portfolio Associates LLC now owns 630,125 shares of the company’s stock valued at $33,636,000 after buying an additional 72,588 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Magna International by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 515,565 shares of the company’s stock valued at $27,521,000 after buying an additional 5,999 shares in the last quarter. Finally, Marathon Asset Management LLP bought a new position in shares of Magna International in the third quarter valued at $21,107,000. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Magna International (MGA) opened at $57.15 on Thursday. Magna International has a 12-month low of $39.50 and a 12-month high of $58.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 1.26. The firm has a market cap of $20,530.00, a price-to-earnings ratio of 10.19, a PEG ratio of 0.89 and a beta of 1.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 22nd. Magna International’s dividend payout ratio (DPR) is 19.61%.

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Magna International Company Profile

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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Earnings History and Estimates for Magna International (NYSE:MGA)

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