Scotiabank Has Bullish Outlook for MGA FY2025 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities research analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for Magna International in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $6.49 per share for the year, up from their previous estimate of $6.34. Scotiabank has a “Sector Perform” rating and a $52.00 price objective on the stock. The consensus estimate for Magna International’s current full-year earnings is $5.22 per share.

Several other research firms have also recently commented on MGA. Morgan Stanley cut shares of Magna International from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $43.00 in a research report on Wednesday, September 25th. Wells Fargo & Company cut their price target on Magna International from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. 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. Wolfe Research upgraded Magna International from an “underperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Finally, StockNews.com raised Magna International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.88.

Magna International Stock Performance

Shares of MGA opened at $40.47 on Monday. The firm’s 50 day moving average price is $43.31 and its two-hundred day moving average price is $42.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. Magna International has a twelve month low of $38.01 and a twelve month high of $59.37. The firm has a market cap of $11.45 billion, a P/E ratio of 10.82, a PEG ratio of 0.81 and a beta of 1.62.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, November 1st. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.20). Magna International had a net margin of 2.52% and a return on equity of 11.88%. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the firm earned $1.46 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Kennebec Savings Bank acquired a new position in shares of Magna International in the third quarter valued at $32,000. Grove Bank & Trust boosted its holdings in shares of Magna International by 70.4% during the 3rd quarter. Grove Bank & Trust now owns 830 shares of the company’s stock worth $34,000 after buying an additional 343 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Magna International by 84.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,121 shares of the company’s stock valued at $46,000 after buying an additional 513 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Magna International by 37.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company’s stock valued at $46,000 after acquiring an additional 301 shares during the period. Finally, Tobam lifted its position in Magna International by 94.3% during the third quarter. Tobam now owns 4,373 shares of the company’s stock worth $179,000 after acquiring an additional 2,122 shares during the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Magna International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Friday, November 15th. Magna International’s dividend payout ratio (DPR) is presently 50.80%.

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.