Research Analysts Issue Forecasts for TSE:MG FY2027 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Investment analysts at Scotiabank dropped their FY2027 EPS estimates for shares of Magna International in a report released on Monday, November 2nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $10.64 for the year, down from their previous estimate of $10.92. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

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

Magna International Stock Performance

Shares of Magna International stock opened at C$91.66 on Thursday. The company has a debt-to-equity ratio of 55.54, a current ratio of 1.14 and a quick ratio of 0.83. The firm has a market cap of C$23.80 billion, a P/E ratio of 29.86, a P/E/G ratio of 0.45 and a beta of 2.02. The firm has a 50 day simple moving average of C$90.96 and a 200 day simple moving average of C$87.27. Magna International has a fifty-two week low of C$63.93 and a fifty-two week high of C$101.10.

Magna International (TSE:MG) (NYSE:MGA) last announced its earnings results on Friday, October 30th. The company reported C$2.61 earnings per share for the quarter. Magna International had a net margin of 1.97% and a return on equity of 6.97%. The company had revenue of C$14.32 billion during the quarter.

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 27th will be paid a $0.4950 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 13th. Magna International’s dividend payout ratio (DPR) is 64.17%.

About Magna International

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.