FY2027 EPS Forecast for Magna International Cut by Analyst

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities research analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of Magna International in a research note issued on Wednesday, May 6th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $7.91 per share for the year, down from their previous forecast of $8.03. Scotiabank has a “Sector Outperform” rating and a $72.00 price objective on the stock. The consensus estimate for Magna International’s current full-year earnings is $6.84 per share.

A number of other research firms also recently commented on MGA. Citigroup lifted their price objective on shares of Magna International from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $57.00 price objective on shares of Magna International in a report on Wednesday, April 29th. UBS Group decreased their price objective on shares of Magna International from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, Raymond James Financial lifted their price objective on shares of Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.13.

Magna International Stock Performance

Magna International stock opened at $62.73 on Thursday. The company has a market cap of $17.21 billion, a PE ratio of 26.25, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a fifty day moving average price of $58.47 and a two-hundred day moving average price of $54.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.87. Magna International has a 12 month low of $32.81 and a 12 month high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.37. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $0.78 EPS. Magna International’s revenue for the quarter was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd bought a new position in shares of Magna International in the third quarter worth $1,880,000. AGF Management Ltd. acquired a new stake in shares of Magna International in the third quarter valued at $14,191,000. ARGA Investment Management LP lifted its holdings in shares of Magna International by 33.2% in the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after buying an additional 1,033,747 shares during the period. Meritage Portfolio Management acquired a new stake in shares of Magna International in the third quarter valued at $3,551,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Magna International in the third quarter valued at $8,606,000. Institutional investors own 67.49% of the company’s stock.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 3.2%. Magna International’s dividend payout ratio is presently 82.85%.

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.