Magna International (NYSE:MGA) Issues Earnings Results

Magna International (NYSE:MGA) (TSE:MG) posted its quarterly earnings data on Friday. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23, Zacks reports. The business had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.32 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Magna International updated its FY 2025 guidance to EPS.

Magna International Trading Down 4.5 %

Shares of NYSE:MGA opened at $37.89 on Friday. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.60 and a beta of 1.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. The stock’s 50-day simple moving average is $41.14 and its two-hundred day simple moving average is $41.68. Magna International has a 52-week low of $35.05 and a 52-week high of $56.12.

Wall Street Analysts Forecast Growth

MGA has been the subject of a number of research reports. The Goldman Sachs Group downgraded 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 raised their price target on Magna International from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, November 4th. CIBC raised their price target on Magna International from $46.00 to $51.00 in a report on Monday, January 13th. Royal Bank of Canada upgraded Magna International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $41.00 to $52.00 in a report on Friday, January 24th. Finally, Wolfe Research upgraded Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Magna International currently has an average rating of “Hold” and an average target price of $50.24.

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.