Research Analysts Offer Predictions for MGA FY2026 Earnings

Magna International Inc. (NYSE:MGA) (TSE:MG) – Scotiabank decreased their FY2026 EPS estimates for shares of Magna International in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $6.63 for the year, down from their previous estimate of $6.83. Scotiabank currently has a “Sector Outperform” rating and a $74.00 price target on the stock. The consensus estimate for Magna International’s current full-year earnings is $6.86 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $7.46 EPS.

Several other research analysts also recently issued reports on the stock. TD upped their price target on shares of Magna International from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Magna International in a report on Friday, May 29th. Barclays dropped their price objective on Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. The Goldman Sachs Group cut their target price on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research note on Tuesday, April 14th. Finally, 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. One investment 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.73.

Magna International Stock Down 2.7%

Shares of NYSE MGA opened at $65.74 on Friday. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.92 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. The stock has a 50-day moving average price of $65.00 and a two-hundred day moving average price of $60.54. Magna International has a 12 month low of $40.51 and a 12 month high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS 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 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 previous year, the business earned $0.78 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after purchasing an additional 205 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new stake in Magna International in the 1st quarter worth about $45,000. IFC & Insurance Marketing Inc. purchased a new stake in Magna International in the 4th quarter valued at about $49,000. Atlas Capital Advisors Inc. purchased a new stake in Magna International in the 4th quarter valued at about $67,000. Finally, Danske Bank A S bought a new position in shares of Magna International during the 3rd quarter worth approximately $112,000. 67.49% of the stock is owned by institutional investors.

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 15th were paid a $0.495 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 3.0%. 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.