Magna International (MGA) Projected to Post Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG is anticipated to release its Q1 2025 earnings data 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 - Get Free Report) TSE: MG last issued its quarterly earnings data on Friday, February 14th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.23. The firm had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.32 billion. Magna International had a net margin of 2.36% and a return on equity of 12.78%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous 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 Performance

NYSE:MGA opened at $34.04 on Friday. 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 stock has a 50-day simple moving average of $35.16 and a two-hundred day simple moving average of $39.66. The firm has a market capitalization of $9.59 billion, a PE ratio of 9.70, a P/E/G ratio of 0.63 and a beta of 1.56. Magna International has a 52-week low of $30.39 and a 52-week high of $49.78.

Magna International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 5.70%. This is a positive change from Magna International's previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. Magna International's dividend payout ratio is currently 55.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Magna International from $47.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 15th. Scotiabank dropped their target price on shares of Magna International from $49.00 to $45.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. CIBC decreased their price target on shares of Magna International from $44.00 to $36.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. TD Securities reduced their target price on Magna International from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on Magna International from $43.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Magna International has a consensus rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.