Magna International Inc. (NYSE:MGA) to Issue Quarterly Dividend of $0.49

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.495 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 14th.

Magna International has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. Magna International has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Magna International to earn $7.68 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 25.8%.

Magna International Trading Down 1.7%

Shares of MGA traded down $1.19 during mid-day trading on Friday, reaching $68.66. 2,533,746 shares of the company were exchanged, compared to its average volume of 1,646,350. The business has a 50 day simple moving average of $65.75 and a two-hundred day simple moving average of $60.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The stock has a market capitalization of $18.36 billion, a PE ratio of 28.73, a PEG ratio of 0.94 and a beta of 1.44. Magna International has a 52 week low of $40.51 and a 52 week high of $70.36.

Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Friday, July 31st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.53 by $0.33. Magna International had a return on equity of 14.01% and a net margin of 1.60%.Magna International’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. On average, analysts predict that Magna International will post 6.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MGA shares. Scotiabank increased their price objective on shares of Magna International from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce lowered their price objective on Magna International to $74.00 in a research report on Monday, May 4th. The Goldman Sachs Group cut their target price on Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research report on Tuesday, April 14th. UBS Group raised their target price on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.73.

Magna International Company Profile

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.