Research Analysts Offer Predictions for MGA FY2026 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for shares of Magna International in a research report issued on Tuesday, August 4th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $6.93 for the year, up from their previous estimate of $6.63. Scotiabank has a “Sector Outperform” rating and a $78.00 price target on the stock. The consensus estimate for Magna International’s current full-year earnings is $7.03 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $7.91 EPS.

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

MGA has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. The Goldman Sachs Group decreased their price objective on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a report on Tuesday, April 14th. Zacks Research lowered shares of Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Veritas upgraded shares of Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Finally, UBS Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Magna International has an average rating of “Hold” and an average price target of $67.33.

Magna International Stock Performance

Shares of NYSE MGA opened at $67.82 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. Magna International has a 12 month low of $42.00 and a 12 month high of $71.96. The stock has a 50 day moving average of $66.13 and a 200-day moving average of $61.43. The company has a market capitalization of $18.14 billion, a P/E ratio of 24.57, a P/E/G ratio of 0.78 and a beta of 1.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of Magna International by 19.8% in the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock valued at $231,000 after acquiring an additional 1,123 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Magna International by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock worth $2,196,000 after purchasing an additional 7,073 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Magna International by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock valued at $421,000 after purchasing an additional 505 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Magna International by 196.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock valued at $6,620,000 after purchasing an additional 92,613 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Magna International during the 3rd quarter worth approximately $112,000. Institutional investors own 67.49% of the company’s stock.

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 14th. Magna International’s dividend payout ratio is currently 71.74%.

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.