Equities Analysts Issue Forecasts for MGA FY2026 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities research analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Magna International in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $7.00 for the year, up from their prior estimate of $6.93. Scotiabank currently has a “Sector Outperform” rating and a $78.00 target price on the stock. The consensus estimate for Magna International’s current full-year earnings is $7.03 per share.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.33. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS.

MGA has been the topic of a number of other reports. Royal Bank Of Canada cut their price target on Magna International from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Monday, October 12th. UBS Group boosted their target price on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. BMO Capital Markets restated a “market perform” rating and issued a $70.00 price target (down from $76.00) on shares of Magna International in a research report on Friday, September 18th. Canadian Imperial Bank of Commerce downgraded shares of Magna International from an “outperformer” rating to a “hold” rating and dropped their price target for the company from $78.00 to $70.00 in a research note on Wednesday, October 21st. Finally, Morgan Stanley cut their price target on shares of Magna International from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.87.

Magna International Stock Performance

NYSE MGA opened at $63.92 on Monday. The firm’s fifty day moving average price is $65.57 and its two-hundred day moving average price is $62.50. The stock has a market cap of $16.93 billion, a PE ratio of 23.16, a PEG ratio of 0.68 and a beta of 1.46. Magna International has a fifty-two week low of $44.64 and a fifty-two week high of $73.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22.

Institutional Trading of Magna International

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Magna International during the 2nd quarter worth approximately $28,495,000. TD Waterhouse Canada Inc. boosted its stake in shares of Magna International by 10.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,130,562 shares of the company’s stock valued at $134,577,000 after purchasing an additional 206,433 shares during the last quarter. QV Investors Inc. increased its position in shares of Magna International by 33.3% during the third quarter. QV Investors Inc. now owns 739,472 shares of the company’s stock worth $47,220,000 after buying an additional 184,631 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Magna International during the second quarter worth $9,160,000. Finally, Plato Investment Management Ltd bought a new position in Magna International during the second quarter worth $7,473,000. 67.49% of the stock is currently owned by institutional investors.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.4950 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th. Magna International’s payout ratio is currently 71.74%.

Magna International Company Profile

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.