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

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Magna International in a research note issued on Wednesday, March 19th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $8.88 for the year. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research upgraded Magna International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group downgraded shares of Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada raised shares of Magna International from a “hold” rating to a “moderate buy” rating in a research report on Friday, January 24th.

Magna International Stock Down 1.0 %

Shares of MG stock opened at C$53.12 on Monday. The firm’s fifty day moving average price is C$54.98 and its two-hundred day moving average price is C$57.57. Magna International has a 1 year low of C$48.22 and a 1 year high of C$74.29. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81. The firm has a market capitalization of C$10.74 billion, a P/E ratio of 9.97, a PEG ratio of 0.45 and a beta of 1.60.

Magna International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.485 per share. This is a positive change from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 3.65%. Magna International’s dividend payout ratio (DPR) is currently 48.07%.

About Magna International

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.