11:56 AM EDT, 05/05/2025 (MT Newswires) -- Magna International ( MGA ) missed first-quarter EPS by 4%, with a sizable miss in Body Exteriors & Structures as well as Seating which swung to a loss, notes UBS. The quarter also had higher warranty costs and higher costs due to tariffs.
The company raised their 2025 sales guidance to US$40 - US$41.6 billion vs UBSe/consensus of US$37.8/US$39.3 billion and vs their prior guidance of US$38.6- US$40.2 billion. This does not include a potential impact on production from tariffs.
UBS has a Neutral rating and US$34 target on Magna.
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