FY2026 Earnings Estimate for MGA Issued By Scotiabank

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

Several other equities research analysts also recently commented on the stock. The Goldman Sachs Group downgraded shares of Magna International from a "neutral" rating to a "sell" rating and lowered their target price for the company from $42.00 to $41.00 in a research note on Wednesday, December 11th. Raymond James cut their price objective on shares of Magna International from $53.00 to $50.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Magna International from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Bank of America cut Magna International from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $52.00 to $48.00 in a report on Tuesday, March 4th. Finally, Wolfe Research raised shares of Magna International from an "underperform" rating to a "peer perform" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.03.

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Magna International Price Performance

Shares of MGA traded down $2.68 during mid-day trading on Monday, hitting $34.97. 3,765,591 shares of the company traded hands, compared to its average volume of 1,695,811. The business has a 50-day moving average of $38.26 and a 200 day moving average of $40.94. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.63 and a beta of 1.65. Magna International has a one year low of $33.30 and a one year high of $54.82. 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 (NYSE:MGA - Get Free Report) TSE: MG last announced its quarterly earnings data on Friday, February 14th. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.23. The company had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.32 billion. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS.

Hedge Funds Weigh In On Magna International

Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in shares of Magna International by 2,400.0% during the 4th quarter. Avior Wealth Management LLC now owns 625 shares of the company's stock worth $26,000 after buying an additional 600 shares in the last quarter. LRI Investments LLC boosted its holdings in Magna International by 2,126.5% during the fourth quarter. LRI Investments LLC now owns 757 shares of the company's stock worth $32,000 after buying an additional 723 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Magna International in the fourth quarter valued at approximately $33,000. Lindbrook Capital LLC raised its holdings in shares of Magna International by 43.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,036 shares of the company's stock valued at $43,000 after acquiring an additional 312 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Magna International by 37.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,111 shares of the company's stock valued at $46,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 67.49% of the company's stock.

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 given a dividend of $0.485 per share. The ex-dividend date was Friday, February 28th. This represents a $1.94 annualized dividend and a yield of 5.55%. This is a positive change from Magna International's previous quarterly dividend of $0.48. Magna International's dividend payout ratio (DPR) is 55.27%.

Magna International Company Profile

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.