Magna International (MGA) to Announce Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is expected to be issuing its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to announce earnings of $1.52 per share and revenue of $10.5664 billion for the quarter. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, July 31, 2026 at 8:00 AM ET.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, analysts expect Magna International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Magna International Trading Up 2.7%

Shares of Magna International stock opened at $68.99 on Wednesday. The stock has a market capitalization of $18.45 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. Magna International has a 52 week low of $40.51 and a 52 week high of $69.94. The stock has a 50 day moving average price of $65.45 and a two-hundred day moving average price of $60.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22.

Magna International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.495 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 2.9%. Magna International’s dividend payout ratio is currently 82.85%.

Institutional Trading of Magna International

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of Magna International by 7.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock valued at $111,549,000 after buying an additional 151,819 shares during the period. State of Tennessee Department of Treasury boosted its holdings in Magna International by 0.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock valued at $8,095,000 after acquiring an additional 937 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Magna International by 196.9% in the third quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock valued at $6,620,000 after acquiring an additional 92,613 shares in the last quarter. Ameriprise Financial Inc. increased its position in Magna International by 14.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock valued at $2,196,000 after purchasing an additional 7,073 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. The Goldman Sachs Group reduced their target price 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. Veritas upgraded shares of Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magna International in a report on Friday, May 29th. Finally, TD increased their price objective on Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Magna International has a consensus rating of “Hold” and a consensus price target of $65.73.

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.