Scotiabank Raises Earnings Estimates for Magna International

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank boosted their FY2026 EPS estimates for Magna International in a research report issued on Thursday, July 23rd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $9.34 for the year, up from their previous forecast of $9.30. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

Separately, Veritas upgraded Magna International to a “strong-buy” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Magna International presently has a consensus rating of “Buy”.

Magna International Stock Up 2.5%

Shares of MG stock opened at C$94.83 on Monday. Magna International has a 1 year low of C$56.04 and a 1 year high of C$97.04. The stock has a market cap of C$25.82 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13. The business’s fifty day moving average is C$91.62 and its 200-day moving average is C$84.03. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22.

Magna International (TSE:MG) (NYSE:MGA) last announced its earnings results on Friday, May 1st. The company reported C$1.92 EPS for the quarter. The firm had revenue of C$14.43 billion for the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio (DPR) is 82.28%.

Insider Activity

In other news, insider John Hugh Farrell sold 31,523 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the sale, the insider owned 50,020 shares in the company, valued at C$4,472,288.20. The trade was a 38.66% decrease in their ownership of the stock. Also, insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$86.46, for a total transaction of C$1,939,643.64. Following the completion of the sale, the insider owned 30,470 shares of the company’s stock, valued at approximately C$2,634,436.20. This trade represents a 42.41% decrease in their position. In the last ninety days, insiders sold 150,405 shares of company stock valued at $13,505,134. 6.18% of the stock is currently owned by insiders.

Magna International Company Profile

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 China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.