Magna International (MGA) to Post Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is projected to issue its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to announce earnings of $1.52 per share and revenue of $10.5664 billion for the quarter. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Investors may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 31, 2026 at 8:00 AM ET.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. On average, analysts expect Magna International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Magna International Stock Up 0.2%

NYSE MGA opened at $69.16 on Thursday. The stock has a fifty day moving average of $65.61 and a 200-day moving average of $60.87. The stock has a market capitalization of $18.49 billion, a P/E ratio of 28.94, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio is 82.85%.

Institutional Investors Weigh In On Magna International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury lifted its stake in Magna International by 0.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock valued at $8,095,000 after buying an additional 937 shares during the period. Russell Investments Group Ltd. grew its position in shares of Magna International by 7.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock worth $111,549,000 after buying an additional 151,819 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of Magna International in the 4th quarter valued at about $67,000. Arkadios Wealth Advisors increased its stake in shares of Magna International by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock valued at $254,000 after acquiring an additional 324 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Magna International by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after acquiring an additional 235 shares during the period. Institutional investors own 67.49% of the company’s stock.

Analysts Set New Price Targets

MGA has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce cut their target price on shares of Magna International to $74.00 in a research report on Monday, May 4th. The Goldman Sachs Group cut their target price on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magna International in a research note on Friday, May 29th. Finally, Citigroup lifted their price target on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.73.

About Magna International

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.