Scotiabank Has Optimistic Opinion of TSE:MG FY2026 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Magna International in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $9.84 for the year, up from their prior estimate of $9.75. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings data on Friday, July 31st. The company reported C$2.64 earnings per share (EPS) for the quarter. Magna International had a return on equity of 6.15% and a net margin of 1.77%. The company had revenue of C$15.60 billion for the quarter.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets downgraded Magna International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce cut Magna International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Magna International Price Performance

Shares of Magna International stock opened at C$90.03 on Monday. The business has a 50 day simple moving average of C$91.72 and a two-hundred day simple moving average of C$86.92. Magna International has a 12 month low of C$62.46 and a 12 month high of C$101.10. The stock has a market capitalization of C$24.08 billion, a P/E ratio of 33.10, a PEG ratio of 0.45 and a beta of 2.02. The company has a debt-to-equity ratio of 55.07, a current ratio of 1.22 and a quick ratio of 0.83.

Insider Buying and Selling

In other Magna International news, insider Bruce Cluney sold 5,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of C$95.22, for a total transaction of C$476,100.00. Following the transaction, the insider owned 40,239 shares of the company’s stock, valued at approximately C$3,831,557.58. The trade was a 11.05% decrease in their ownership of the stock. Insiders own 6.18% of the company’s stock.

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 28th were given a dividend of $0.4950 per share. The ex-dividend date was Friday, August 14th. This represents a $1.98 dividend on an annualized basis and a yield of 2.2%. Magna International’s dividend payout ratio (DPR) is presently 72.06%.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and Asia. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.