Magna International (NYSE:MGA) Issues Quarterly Earnings Results

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

Magna International Stock Performance

Magna International stock opened at $37.89 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market cap of $10.72 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.60 and a beta of 1.61. Magna International has a 1-year low of $35.05 and a 1-year high of $56.12. The firm has a 50-day moving average of $41.14 and a 200-day moving average of $41.67.

Magna International Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com raised Magna International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Scotiabank cut their price target on Magna International from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada raised Magna International from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $52.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group downgraded Magna International from a “neutral” rating to a “sell” rating and dropped their price target for the company from $42.00 to $41.00 in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Magna International currently has an average rating of “Hold” and an average target price of $50.24.

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.