Magna International (NYSE:MGA) Issues Quarterly Earnings Results

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

Magna International Stock Performance

Shares of Magna International stock traded down $1.99 during trading hours on Friday, reaching $37.68. The company had a trading volume of 2,020,546 shares, compared to its average volume of 1,679,339. The business has a fifty day simple moving average of $41.42 and a 200 day simple moving average of $41.74. The firm has a market cap of $10.66 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.77. Magna International has a one year low of $35.05 and a one year high of $56.12.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. The Goldman Sachs Group downgraded Magna International from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $42.00 to $41.00 in a report on Wednesday, December 11th. Wolfe Research raised shares of Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. CIBC increased their target price on shares of Magna International from $46.00 to $51.00 in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Magna International from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Magna International presently has an average rating of “Hold” and a consensus 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.