Magna International (MGA) Expected to Announce Earnings on Friday

Magna International (NYSE:MGA - Get Free Report) TSE: MG is expected to issue its Q4 2024 quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $10.32 billion for the quarter. Magna International has set its FY 2025 guidance at EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its quarterly earnings results on Friday, February 14th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.23. Magna International had a net margin of 2.52% and a return on equity of 11.88%. The company had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the prior year, the business earned $1.33 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts expect Magna International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Magna International Price Performance

Shares of NYSE MGA traded down $1.78 during mid-day trading on Friday, hitting $37.89. 4,259,996 shares of the stock traded hands, compared to its average volume of 1,756,880. Magna International has a twelve month low of $35.05 and a twelve month high of $56.12. The firm has a 50 day simple moving average of $41.14 and a two-hundred day simple moving average of $41.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.77. The company has a market cap of $10.72 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.60 and a beta of 1.61.

Magna International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.485 per share. This is a boost from Magna International's previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, February 28th. Magna International's payout ratio is 55.27%.

Analyst Ratings Changes

A number of research firms have weighed in on MGA. Wolfe Research raised shares of Magna International from an "underperform" rating to a "peer perform" rating in a report on Thursday, December 5th. Royal Bank of Canada upgraded Magna International from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $41.00 to $52.00 in a report on Friday, January 24th. The Goldman Sachs Group lowered Magna International from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $42.00 to $41.00 in a research report on Wednesday, December 11th. StockNews.com raised Magna International from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, CIBC upped their target price on Magna International from $46.00 to $51.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.