Scotiabank Has Strong Estimate for TSE:MG FY2026 Earnings

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

A number of other research firms also recently commented on MG. BMO Capital Markets downgraded Magna International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Canadian Imperial Bank of Commerce downgraded shares of Magna International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Magna International Trading Up 0.1%

Shares of TSE:MG opened at C$89.58 on Monday. Magna International has a 52-week low of C$62.46 and a 52-week high of C$101.10. The stock has a market cap of C$23.96 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 0.45 and a beta of 2.02. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07. The business has a 50-day moving average price of C$92.06 and a 200-day moving average price of C$86.80.

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

Magna International Announces Dividend

The business also recently declared 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. This represents a $1.98 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 14th. Magna International’s dividend payout ratio (DPR) is currently 72.06%.

Insiders Place Their Bets

In other Magna International news, insider Bruce Cluney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of C$95.22, for a total value of C$476,100.00. Following the completion of the transaction, the insider directly 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. Corporate insiders own 6.18% of the company’s stock.

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.