Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is scheduled to post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Magna International to post earnings of $1.26 per share for the quarter. Magna International has set its FY 2026 guidance at EPS and its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, February 9th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.13). The firm had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.44 billion. Magna International had a return on equity of 13.15% and a net margin of 2.83%. Magna International’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. 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 Price Performance

Magna International stock opened at $47.81 on Wednesday. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.49 and a beta of 1.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.71. Magna International has a 1 year low of $46.71 and a 1 year high of $65.27. The firm has a 50-day moving average of $52.42 and a two-hundred day moving average of $54.05.

Magna International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.97%. This is a boost from Magna International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, February 22nd. Magna International’s payout ratio is 45.02%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MGA. Royal Bank of Canada lowered their price objective on shares of Magna International from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, February 12th. The Goldman Sachs Group cut shares of Magna International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $73.00 to $58.00 in a research report on Wednesday, January 3rd. Citigroup lowered their price target on shares of Magna International from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. CIBC lowered their price target on shares of Magna International from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Scotiabank lowered their price target on shares of Magna International from $62.00 to $59.00 and set a “sector perform” rating for the company in a research report on Monday, February 12th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.50.

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.