Scotiabank Predicts Higher Earnings for Magna International

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities research analysts at Scotiabank upped their FY2026 earnings per share estimates for Magna International in a report released on Tuesday, August 4th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $6.93 for the year, up from their prior estimate of $6.63. Scotiabank currently has a “Sector Outperform” rating and a $78.00 price target on the stock. The consensus estimate for Magna International’s current full-year earnings is $7.03 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $7.91 EPS.

Several other analysts have also issued reports on MGA. Weiss Ratings upgraded shares of Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group lowered their price objective on shares of Magna International from $60.00 to $52.00 and set a “sell” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company raised their target price on Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday. Veritas upgraded Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.33.

Magna International Price Performance

Shares of NYSE:MGA opened at $67.82 on Friday. The firm has a 50 day moving average of $66.13 and a 200-day moving average of $61.43. The stock has a market capitalization of $18.14 billion, a PE ratio of 24.57, a PEG ratio of 0.78 and a beta of 1.44. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. Magna International has a 12 month low of $42.00 and a 12 month high of $71.96.

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

Institutional Trading of Magna International

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Magna International by 35.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after buying an additional 205 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in Magna International by 2.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock worth $439,000 after acquiring an additional 215 shares in the last quarter. Van ECK Associates Corp grew its stake in Magna International by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after acquiring an additional 235 shares during the period. Integrated Wealth Concepts LLC grew its stake in Magna International by 1.8% in the third quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after acquiring an additional 246 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Magna International by 9.1% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $184,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.98 annualized dividend and a yield of 2.9%. Magna International’s dividend payout ratio is presently 71.74%.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.