What is Scotiabank’s Forecast for TSE:MG FY2026 Earnings?

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank lifted their FY2026 EPS estimates for Magna International in a report released 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 estimate of $9.30. Scotiabank 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 research report on Monday, May 4th. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Magna International has an average rating of “Buy”.

Magna International Price Performance

Shares of Magna International stock opened at C$97.35 on Monday. Magna International has a one year low of C$56.04 and a one year high of C$97.92. The stock’s fifty day moving average is C$91.94 and its 200 day moving average is C$84.16. The stock has a market cap of C$26.50 billion, a P/E ratio of 41.08, a P/E/G ratio of 0.45 and a beta of 2.13. 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 issued its quarterly earnings results on Friday, May 1st. The company reported C$1.92 earnings per share for the quarter. The business had revenue of C$14.43 billion for the quarter. Magna International had a net margin of 1.59% and a return on equity of 5.43%.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 15th. Magna International’s dividend payout ratio is presently 82.28%.

Insider Activity

In related news, insider John Hugh Farrell sold 31,523 shares of Magna International stock in a transaction 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 transaction, the insider owned 50,020 shares in the company, valued at approximately C$4,472,288.20. The trade was a 38.66% decrease in their position. Also, insider Tom Rucker Joerg sold 39,210 shares of Magna International stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$92.58, for a total transaction of C$3,630,061.80. Following the transaction, the insider owned 31,633 shares in the company, valued at approximately C$2,928,583.14. This trade represents a 55.35% decrease in their position. In the last three months, insiders have sold 150,405 shares of company stock valued at $13,505,134. Company insiders own 6.18% of the company’s stock.

About Magna International

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.