Magna International (NYSE:MGA) Announces Quarterly Earnings Results

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

Magna International Price Performance

NYSE:MGA traded down $1.89 during mid-day trading on Friday, reaching $37.78. 1,891,830 shares of the stock were exchanged, compared to its average volume of 1,673,186. The business has a fifty day moving average price of $41.42 and a 200 day moving average price of $41.74. The firm has a market capitalization of $10.69 billion, a PE ratio of 10.10, a PEG ratio of 0.60 and a beta of 1.61. Magna International has a 1-year low of $35.05 and a 1-year high of $56.12. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MGA. Wolfe Research raised shares of Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. The Goldman Sachs Group downgraded Magna International from a “neutral” rating to a “sell” rating and cut their price target for the stock from $42.00 to $41.00 in a report on Wednesday, December 11th. Royal Bank of Canada upgraded Magna International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $52.00 in a research note on Friday, January 24th. Wells Fargo & Company cut their target price on Magna International from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Scotiabank lowered their price target on shares of Magna International from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.