Magna International (NYSE:MGA) Posts Quarterly Earnings Results

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

Magna International Stock Performance

NYSE MGA traded up $0.21 during trading hours on Tuesday, reaching $38.06. The company's stock had a trading volume of 1,730,795 shares, compared to its average volume of 1,754,351. 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 business has a 50-day simple moving average of $40.99 and a 200 day simple moving average of $41.61. Magna International has a 52 week low of $35.05 and a 52 week high of $56.12. The stock has a market cap of $10.77 billion, a PE ratio of 10.18, a PEG ratio of 0.60 and a beta of 1.61.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Magna International's previous quarterly dividend of $0.48. Magna International's dividend payout ratio is currently 50.80%.

Analysts Set New Price Targets

Several research firms recently commented on MGA. The Goldman Sachs Group lowered shares of Magna International from a "neutral" rating to a "sell" rating and cut their price target for the company from $42.00 to $41.00 in a report on Wednesday, December 11th. Wells Fargo & Company decreased their target price on Magna International from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, December 16th. Evercore ISI decreased their price target on Magna International from $50.00 to $45.00 and set an "in-line" rating for the company in a report on Tuesday. Barclays decreased their target price on shares of Magna International from $50.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, CIBC lifted their price target on shares of Magna International from $46.00 to $51.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Magna International has an average rating of "Hold" and an average target price of $48.88.

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.