Magna International (NYSE:MGA) Issues Earnings Results, Beats Estimates By $0.23 EPS

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

Magna International Stock Up 0.5 %

Shares of Magna International stock traded up $0.21 during trading 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. Magna International has a 1-year low of $35.05 and a 1-year high of $56.12. The company has a 50-day simple moving average of $40.99 and a two-hundred day simple moving average of $41.61. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 10.18, a P/E/G 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. Stockholders of record on Friday, February 28th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Friday, February 28th. This is a positive change from Magna International's previous quarterly dividend of $0.48. Magna International's dividend payout ratio is currently 50.80%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MGA shares. Wells Fargo & Company reduced their price target on shares of Magna International from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Scotiabank decreased their price target on shares of Magna International from $49.00 to $45.00 and set a "sector perform" rating for the company in a research note on Tuesday. Raymond James dropped their price objective on Magna International from $53.00 to $50.00 and set a "market perform" rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their target price on Magna International from $52.00 to $51.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group downgraded Magna International from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $42.00 to $41.00 in a research report 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 stock. According to data from MarketBeat, Magna International currently has a consensus rating of "Hold" and a consensus price target of $48.88.

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.