Equities Analysts Offer Predictions for TSE:MG Q4 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Research analysts at Raymond James cut their Q4 2024 earnings per share estimates for Magna International in a research report issued to clients and investors on Monday, November 4th. Raymond James analyst M. Glen now expects that the company will earn $1.86 per share for the quarter, down from their prior forecast of $2.07. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share. Raymond James also issued estimates for Magna International’s FY2025 earnings at $8.51 EPS.

Several other brokerages also recently commented on MG. Royal Bank of Canada downgraded Magna International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Wolfe Research raised Magna International to a “strong sell” rating in a research report on Thursday, September 5th.

Magna International Trading Up 0.5 %

MG opened at C$58.90 on Wednesday. Magna International has a fifty-two week low of C$51.79 and a fifty-two week high of C$79.98. The firm has a market capitalization of C$16.92 billion, a PE ratio of 12.43, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83. The company’s 50-day moving average is C$56.53 and its 200 day moving average is C$59.15.

Magna International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.90 annualized dividend and a yield of 3.23%. Magna International’s dividend payout ratio (DPR) is 54.01%.

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.