Magna International (NYSE:MGA) Releases FY 2026 Earnings Guidance

Magna International (NYSE:MGA) (TSE:MG) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 6.700-7.300 for the period, compared to the consensus EPS estimate of 6.820. The company issued revenue guidance of $41.3 billion-$42.5 billion, compared to the consensus revenue estimate of $42.4 billion.

Magna International Price Performance

Shares of NYSE:MGA opened at $70.07 on Friday. 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 has a 52 week low of $40.51 and a 52 week high of $70.36. The firm has a market cap of $18.74 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The firm’s fifty day moving average is $65.75 and its 200-day moving average is $60.97.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Magna International’s quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that Magna International will post 6.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MGA. Zacks Research downgraded shares of Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Citigroup increased their price target on Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. The Goldman Sachs Group dropped their price objective on Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research note on Tuesday, April 14th. Veritas raised Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Scotiabank increased their price target on Magna International from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Magna International presently has an average rating of “Hold” and an average price target of $65.73.

Institutional Investors Weigh In On Magna International

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its holdings in shares of Magna International by 19.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock worth $231,000 after buying an additional 1,123 shares during the last quarter. Ameriprise Financial Inc. raised its position in Magna International by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock worth $2,196,000 after acquiring an additional 7,073 shares during the period. Van ECK Associates Corp raised its position in Magna International by 6.0% in the third quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock worth $421,000 after acquiring an additional 505 shares during the period. Public Employees Retirement System of Ohio boosted its stake 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 during the last quarter. Finally, Danske Bank A S purchased a new position in Magna International in the third quarter valued at about $112,000. 67.49% of the stock is currently owned by institutional investors.

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.