What is Scotiabank’s Estimate for MGA FY2026 Earnings?

Magna International Inc. (NYSE:MGA) (TSE:MG) – Investment analysts at Scotiabank issued their FY2026 earnings estimates for Magna International in a research report issued on Wednesday, March 19th. Scotiabank analyst J. Goldman expects that the company will earn $6.21 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $45.00 target price on the stock. The consensus estimate for Magna International’s current full-year earnings is $5.87 per share.

A number of other research analysts also recently weighed in on MGA. Morgan Stanley lowered their price objective on shares of Magna International from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Barclays decreased their price target on shares of Magna International from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Wolfe Research upgraded shares of Magna International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Raymond James decreased their price target on shares of Magna International from $53.00 to $50.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 18th. Finally, Bank of America cut shares of Magna International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.03.

Magna International Stock Up 0.8 %

Shares of Magna International stock opened at $36.47 on Monday. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.63 and a beta of 1.65. The company’s 50 day moving average is $38.45 and its 200 day moving average is $41.00. Magna International has a twelve month low of $33.30 and a twelve month high of $54.98. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, February 14th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.23. The firm had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Magna International had a net margin of 2.36% and a return on equity of 12.78%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.485 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Friday, February 28th. Magna International’s payout ratio is currently 55.27%.

Institutional Trading of Magna International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ARGA Investment Management LP increased its holdings in Magna International by 158.1% in the 4th quarter. ARGA Investment Management LP now owns 2,561,491 shares of the company’s stock valued at $107,049,000 after acquiring an additional 1,568,953 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Magna International by 52.3% in the 4th quarter. Russell Investments Group Ltd. now owns 2,395,373 shares of the company’s stock valued at $100,087,000 after acquiring an additional 822,375 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Magna International by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 1,627,927 shares of the company’s stock worth $66,810,000 after buying an additional 18,704 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Magna International by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 1,523,196 shares of the company’s stock worth $63,280,000 after buying an additional 371,437 shares during the last quarter. Finally, Mufg Securities Canada LTD. increased its holdings in shares of Magna International by 72.1% in the 4th quarter. Mufg Securities Canada LTD. now owns 412,454 shares of the company’s stock worth $17,228,000 after buying an additional 172,754 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.