Brokers Issue Forecasts for TSE:MG FY2026 Earnings

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Research analysts at Scotiabank issued their FY2026 earnings per share estimates for Magna International in a note issued to investors on Wednesday, March 19th. Scotiabank analyst J. Goldman expects that the company will earn $8.88 per share for the year. The consensus estimate for Magna International's current full-year earnings is $8.89 per share.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lowered Magna International from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 11th. Royal Bank of Canada upgraded Magna International from a "hold" rating to a "moderate buy" rating in a research report on Friday, January 24th. Finally, Wolfe Research upgraded Magna International from a "strong sell" rating to a "hold" rating in a research report on Thursday, December 5th.

Magna International Price Performance

MG traded down C$3.72 on Monday, hitting C$50.05. 1,698,771 shares of the company were exchanged, compared to its average volume of 1,687,594. Magna International has a fifty-two week low of C$48.22 and a fifty-two week high of C$74.29. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. The firm has a market capitalization of C$10.12 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The business's fifty day moving average is C$54.88 and its 200 day moving average is C$57.55.

Remove Ads

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.485 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Magna International's previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 3.88%. Magna International's dividend payout ratio is currently 48.07%.

About Magna International

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.