Magna International (NYSE:MGA) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

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

Magna International Price Performance

Shares of Magna International stock opened at $37.89 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $10.72 billion, a PE ratio of 10.13, a P/E/G ratio of 0.60 and a beta of 1.61. The business has a 50 day moving average of $41.14 and a 200 day moving average of $41.68. Magna International has a 52 week low of $35.05 and a 52 week high of $56.12.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Magna International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. CIBC upped their price objective on shares of Magna International from $46.00 to $51.00 in a research report on Monday, January 13th. The Goldman Sachs Group cut shares of 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 research report on Wednesday, December 11th. Scotiabank cut their target price on Magna International from $52.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, UBS Group upped their target price on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.24.

Magna International Company Profile

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.