What is Scotiabank’s Forecast for MGA FY2026 Earnings?

Magna International Inc. (NYSE:MGA) (TSE:MG) – Research analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Magna International in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst J. Goldman anticipates that the company will post earnings per share of $6.21 for the year. Scotiabank has a “Sector Perform” rating and a $45.00 price target on the stock. The consensus estimate for Magna International’s current full-year earnings is $5.87 per share.

Other equities analysts have also recently issued reports about the company. Morgan Stanley dropped their price objective on Magna International from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Raymond James dropped their price objective on shares of Magna International from $53.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, February 18th. UBS Group cut their price target on Magna International from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada cut their price target on shares of Magna International from $52.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Wolfe Research upgraded Magna International from an “underperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.03.

Magna International Stock Down 0.6 %

Shares of MGA opened at $37.22 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35. Magna International has a 12 month low of $33.30 and a 12 month high of $54.82. The firm’s 50 day moving average is $38.33 and its 200-day moving average is $40.96. The stock has a market capitalization of $10.48 billion, a PE ratio of 10.60, a P/E/G ratio of 0.63 and a beta of 1.65.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, February 14th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.46 by $0.23. Magna International had a net margin of 2.36% and a return on equity of 12.78%. The business had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the prior year, the company posted $1.33 earnings per share. Magna International’s revenue was up 1.7% compared to the same quarter last year.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.485 per share. This is an increase from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.94 annualized dividend and a yield of 5.21%. Magna International’s dividend payout ratio is presently 55.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MGA. Quantbot Technologies LP boosted its stake in Magna International by 12.5% during the 3rd quarter. Quantbot Technologies LP now owns 149,327 shares of the company’s stock valued at $6,128,000 after purchasing an additional 16,639 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Magna International by 117,113.9% during the third quarter. BNP Paribas Financial Markets now owns 84,394 shares of the company’s stock worth $3,464,000 after buying an additional 84,322 shares in the last quarter. ARGA Investment Management LP purchased a new stake in Magna International in the 3rd quarter valued at $40,710,000. Public Employees Retirement System of Ohio bought a new position in Magna International during the 3rd quarter valued at $1,040,000. Finally, Geode Capital Management LLC lifted its position in shares of Magna International by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,151,759 shares of the company’s stock valued at $46,799,000 after purchasing an additional 32,000 shares in the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.