Magna International Inc. (MGA) To Go Ex-Dividend on February 27th

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, February 27th will be given a dividend of 0.495 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.1% increase from Magna International’s previous quarterly dividend of $0.49.

Magna International has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 6 years. Magna International has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Magna International to earn $6.66 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 29.7%.

Magna International Stock Up 18.6%

Shares of Magna International stock opened at $68.58 on Friday. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 23.25 and a beta of 1.50. The stock has a 50-day simple moving average of $54.22 and a 200-day simple moving average of $49.06. Magna International has a 52-week low of $30.39 and a 52-week high of $69.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.83.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.37. The firm had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. Magna International had a net margin of 2.50% and a return on equity of 11.88%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, equities research analysts expect that Magna International will post 5.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MGA shares. BMO Capital Markets lifted their price objective on shares of Magna International from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Citigroup boosted their price target on Magna International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Scotiabank upped their price target on Magna International from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised their price objective on Magna International from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, TD Securities boosted their target price on Magna International from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.80.

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.