Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce 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.

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

NYSE:MGA opened at $48.69 on Friday. Magna International has a 12 month low of $46.71 and a 12 month high of $65.27. The stock has a 50 day moving average of $52.91 and a two-hundred day moving average of $54.18. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 0.34. The firm has a market cap of $13.99 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.69.

Magna International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.475 per share. This is a boost from Magna International’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Thursday, February 22nd. Magna International’s payout ratio is currently 45.02%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MGA shares. Barclays lowered their target price on Magna International from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Royal Bank of Canada cut their target price on Magna International from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. Citigroup cut their price objective on Magna International from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Evercore lowered Magna International from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $75.00 to $62.00 in a research report on Monday, April 15th. Finally, TD Securities cut their price objective on Magna International from $69.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Magna International currently has an average rating of “Hold” and an average price target of $62.50.

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.