Magna International (MGA) Expected to Announce Quarterly Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) will likely be issuing its Q3 2026 results before the market opens on Friday, October 30th. Analysts expect the company to post earnings of $1.58 per share and revenue of $9.98 billion for the quarter. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Individuals may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Friday, October 30, 2026 at 8:00 AM ET.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.53 by $0.33. The company had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. During the same period in the prior year, the business posted $1.44 EPS. Magna International’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect Magna International to post $7.03 EPS for the current fiscal year and $7.84 EPS for the next fiscal year.

Magna International Trading Up 0.3%

Shares of Magna International stock opened at $64.13 on Wednesday. Magna International has a one year low of $44.64 and a one year high of $73.22. The business’s 50 day moving average price is $65.43 and its 200 day moving average price is $62.54.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.4950 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 3.1%.

Wall Street Analyst Weigh In

MGA has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Magna International from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. Morgan Stanley reduced their target price on shares of Magna International from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Wells Fargo & Company boosted their target price on shares of Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Royal Bank Of Canada dropped their price target on shares of Magna International from $69.00 to $68.00 and set a “sector perform” rating for the company in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price target (down from $77.00) on shares of Magna International in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.87.

Magna International Company Profile

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.