Brokers Offer Predictions for MGA FY2026 Earnings

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

Several other analysts have also weighed in on MGA. Bank of America lowered shares of Magna International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $48.00 in a research report on Tuesday, March 4th. The Goldman Sachs Group lowered shares of Magna International from a “neutral” rating to a “sell” rating and lowered their price target for the company from $42.00 to $41.00 in a report on Wednesday, December 11th. Wolfe Research upgraded shares of Magna International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. TD Securities cut their price target on Magna International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Raymond James reduced their price objective on shares of Magna International from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.03.

Magna International Trading Down 0.6 %

Shares of MGA opened at $37.22 on Monday. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.63 and a beta of 1.65. Magna International has a 12-month low of $33.30 and a 12-month high of $54.82. The stock’s 50-day moving average price is $38.33 and its 200 day moving average price is $40.96. 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 data on Friday, February 14th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.23. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The company had revenue of $10.63 billion during the quarter, compared to analysts’ expectations of $10.32 billion. During the same period in the prior year, the business earned $1.33 earnings per share. Magna International’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MGA. Quantbot Technologies LP boosted its holdings in shares of Magna International by 12.5% in the 3rd quarter. Quantbot Technologies LP now owns 149,327 shares of the company’s stock valued at $6,128,000 after buying an additional 16,639 shares during the last quarter. BNP Paribas Financial Markets increased its position in Magna International by 117,113.9% during the third quarter. BNP Paribas Financial Markets now owns 84,394 shares of the company’s stock worth $3,464,000 after buying an additional 84,322 shares during the last quarter. ARGA Investment Management LP bought a new stake in Magna International in the third quarter valued at approximately $40,710,000. Public Employees Retirement System of Ohio bought a new stake in Magna International in the third quarter valued at approximately $1,040,000. Finally, Geode Capital Management LLC raised its stake in Magna International by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,151,759 shares of the company’s stock valued at $46,799,000 after acquiring an additional 32,000 shares during the period. 67.49% of the stock is owned by institutional investors and hedge funds.

Magna International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.485 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.21%. This is an increase from Magna International’s previous quarterly dividend of $0.48. Magna International’s payout ratio is currently 55.27%.

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.