Magna International (MGA) to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is scheduled to be releasing its earnings data 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 that wish to register for the company’s earnings conference call can do so using this link.

Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, February 9th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.13). Magna International had a net margin of 2.83% and a return on equity of 13.15%. The business had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the firm earned $0.91 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. 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 Trading Down 3.2 %

Shares of MGA stock opened at $47.81 on Wednesday. The company’s fifty day simple moving average is $52.42 and its two-hundred day simple moving average is $54.05. 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 stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.49 and a beta of 1.69.

Magna International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders 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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.90 dividend on an annualized basis and a yield of 3.97%. Magna International’s payout ratio is presently 45.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Magna International from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. UBS Group upped their price target on shares of Magna International from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Scotiabank decreased their price target on shares of Magna International from $62.00 to $59.00 and set a “sector perform” rating on the stock in a report on Monday, February 12th. CIBC decreased their price target on shares of Magna International from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Citigroup decreased their price target on shares of Magna International from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.