Research Analysts Issue Forecasts for TSE:MG FY2027 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Equities researchers at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of Magna International in a research note issued to investors on Monday, November 2nd. Scotiabank analyst J. Goldman now anticipates that the company will earn $10.64 per share for the year, down from their prior forecast of $10.92. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets cut Magna International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Canadian Imperial Bank of Commerce cut Magna International from a “strong-buy” rating to a “hold” rating in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Magna International Trading Up 3.9%

TSE MG opened at C$91.66 on Thursday. The stock has a 50-day simple moving average of C$90.96 and a 200 day simple moving average of C$87.27. The company has a market capitalization of C$23.80 billion, a PE ratio of 29.86, a P/E/G ratio of 0.45 and a beta of 2.02. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 55.54. Magna International has a 12 month low of C$63.93 and a 12 month high of C$101.10.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings results on Friday, October 30th. The company reported C$2.61 earnings per share (EPS) for the quarter. Magna International had a return on equity of 6.97% and a net margin of 1.97%. The business had revenue of C$14.32 billion for the quarter.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 27th will be given a dividend of $0.4950 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.98 dividend on an annualized basis and a yield of 2.2%. Magna International’s dividend payout ratio is 64.17%.

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.