Scotiabank Has Optimistic Outlook of MGA FY2025 Earnings

Magna International Inc. (NYSE:MGA - Free Report) TSE: MG - Equities research analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for Magna International in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $6.49 for the year, up from their previous forecast of $6.34. Scotiabank currently has a "Sector Perform" rating and a $52.00 target price on the stock. The consensus estimate for Magna International's current full-year earnings is $5.22 per share.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings data on Friday, November 1st. The company reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.20). Magna International had a net margin of 2.52% and a return on equity of 11.88%. The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter last year, the business earned $1.46 EPS. Magna International's revenue for the quarter was down 3.8% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of Magna International from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $42.00 to $41.00 in a report on Wednesday, December 11th. UBS Group boosted their price objective on Magna International from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, November 4th. StockNews.com raised Magna International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price target on Magna International from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, December 16th. Finally, Morgan Stanley cut Magna International from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $55.00 to $43.00 in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.65.

Magna International Stock Down 2.1 %

Shares of NYSE:MGA opened at $39.50 on Monday. The firm has a market cap of $11.17 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a fifty day simple moving average of $43.35 and a 200 day simple moving average of $42.29. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. Magna International has a 12-month low of $38.01 and a 12-month high of $59.37.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.81%. The ex-dividend date was Friday, November 15th. Magna International's payout ratio is currently 50.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MGA. Kennebec Savings Bank acquired a new stake in Magna International in the third quarter worth approximately $32,000. Grove Bank & Trust lifted its holdings in shares of Magna International by 70.4% in the third quarter. Grove Bank & Trust now owns 830 shares of the company's stock valued at $34,000 after buying an additional 343 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Magna International by 84.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,121 shares of the company's stock valued at $46,000 after buying an additional 513 shares in the last quarter. Tobam grew its holdings in Magna International by 94.3% during the third quarter. Tobam now owns 4,373 shares of the company's stock worth $179,000 after acquiring an additional 2,122 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in Magna International in the third quarter worth about $216,000. 67.49% of the stock is currently owned by institutional investors.

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.