Magna International (NYSE:MGA) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Magna International (NYSE:MGA) (TSE:MG) released its earnings results on Friday. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09, Zacks reports. The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Magna International had a return on equity of 11.89% and a net margin of 2.91%.The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. Magna International updated its FY 2025 guidance to EPS.

Magna International Price Performance

NYSE:MGA opened at $47.24 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.82. Magna International has a one year low of $30.39 and a one year high of $49.79. The company has a fifty day moving average price of $46.11 and a 200 day moving average price of $41.25. The stock has a market cap of $13.31 billion, a P/E ratio of 11.09, a PEG ratio of 1.00 and a beta of 1.53.

Magna International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.485 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.94 annualized dividend and a dividend yield of 4.1%. Magna International’s dividend payout ratio (DPR) is presently 45.54%.

Analysts Set New Price Targets

MGA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Magna International from $45.00 to $52.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Scotiabank upped their price target on shares of Magna International from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Friday, October 17th. TD Securities lifted their price objective on Magna International from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on Magna International from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Magna International in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.86.

Institutional Trading of Magna International

A hedge fund recently raised its stake in Magna International stock. Integrated Wealth Concepts LLC boosted its holdings in Magna International Inc. (NYSE:MGA) (TSE:MG) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,808 shares of the company’s stock after acquiring an additional 1,123 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Magna International were worth $231,000 at the end of the most recent quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

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.