Magna International (MGA) Projected to Post Quarterly Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect Magna International to post earnings of $0.89 per share and revenue of $9.66 billion for the quarter. Magna International has set its FY 2025 guidance at EPS.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, February 14th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.46 by $0.23. The firm had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.32 billion. Magna International had a net margin of 2.36% and a return on equity of 12.78%. Magna International’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.33 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 Stock Up 2.2 %

Magna International stock opened at $34.04 on Friday. Magna International has a fifty-two week low of $30.39 and a fifty-two week high of $49.78. The company has a market cap of $9.59 billion, a PE ratio of 9.70, a PEG ratio of 0.63 and a beta of 1.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 1.08. The business’s 50-day simple moving average is $35.16 and its two-hundred day simple moving average is $39.66.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.485 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.70%. This is a positive change from Magna International’s previous quarterly dividend of $0.48. Magna International’s dividend payout ratio is presently 55.27%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada downgraded Magna International from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $51.00 to $32.00 in a research report on Friday, April 11th. Raymond James lowered their price target on shares of Magna International from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Tuesday, February 18th. UBS Group cut their price objective on shares of Magna International from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. CIBC dropped their target price on Magna International from $44.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Evercore ISI lowered their price target on Magna International from $50.00 to $45.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.32.

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.