Scotiabank Has Negative Opinion of MGA FY2027 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Stock analysts at Scotiabank cut their FY2027 earnings per share estimates for Magna International in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will earn $7.77 per share for the year, down from their previous estimate of $7.91. Scotiabank currently has a “Sector Outperform” rating and a $78.00 target price on the stock. The consensus estimate for Magna International’s current full-year earnings is $7.03 per share.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.33. Magna International had a return on equity of 15.04% and a net margin of 1.80%. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.63 billion. During the same quarter last year, the business posted $1.44 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS.

A number of other equities research analysts have also recently issued reports on MGA. Barclays raised their target price on Magna International from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, October 9th. Royal Bank Of Canada reduced their price target on shares of Magna International from $69.00 to $68.00 and set a “sector perform” rating for the company in a report on Monday, October 12th. UBS Group upped their price target on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. TD dropped their price objective on shares of Magna International from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price objective (down from $76.00) on shares of Magna International in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Magna International currently has a consensus rating of “Hold” and a consensus target price of $68.87.

Magna International Price Performance

Shares of MGA opened at $63.92 on Tuesday. The company has a market cap of $16.93 billion, a P/E ratio of 23.16, a PEG ratio of 0.68 and a beta of 1.46. The stock has a fifty day moving average price of $65.57 and a 200 day moving average price of $62.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. Magna International has a 12 month low of $44.64 and a 12 month high of $73.22.

Institutional Investors Weigh In On Magna International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp bought a new position in Magna International in the 3rd quarter valued at about $206,000. Signaturefd LLC raised its position in shares of Magna International by 7.6% during the 3rd quarter. Signaturefd LLC now owns 14,353 shares of the company’s stock worth $914,000 after buying an additional 1,012 shares in the last quarter. Kendall Capital Management raised its position in shares of Magna International by 12.1% during the 3rd quarter. Kendall Capital Management now owns 20,088 shares of the company’s stock worth $1,279,000 after buying an additional 2,170 shares in the last quarter. QV Investors Inc. raised its position in shares of Magna International by 33.3% during the 3rd quarter. QV Investors Inc. now owns 739,472 shares of the company’s stock worth $47,220,000 after buying an additional 184,631 shares in the last quarter. Finally, Louisbourg Investments Inc. acquired a new stake in shares of Magna International in the 3rd quarter worth approximately $186,000. 67.49% of the stock is currently owned by institutional investors.

Magna International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.4950 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th. Magna International’s dividend payout ratio (DPR) is 71.74%.

Magna International Company Profile

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.