What is Scotiabank’s Estimate for MGA FY2026 Earnings?

Magna International Inc. (NYSE:MGA) (TSE:MG) – Equities researchers at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Magna International in a report released on Thursday, February 19th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $7.07 per share for the year, up from their prior forecast of $6.00. Scotiabank currently has a “Sector Perform” rating and a $69.00 target price on the stock. The consensus estimate for Magna International’s current full-year earnings is $5.87 per share. Scotiabank also issued estimates for Magna International’s FY2027 earnings at $8.73 EPS.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Morgan Stanley boosted their price objective on shares of Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, February 18th. TD Securities raised their target price on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Raymond James Financial lifted their price target on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, Citigroup increased their price target on Magna International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Magna International currently has an average rating of “Hold” and a consensus target price of $61.73.

Magna International Stock Up 1.6%

MGA stock opened at $64.93 on Monday. Magna International has a fifty-two week low of $30.39 and a fifty-two week high of $69.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 22.01 and a beta of 1.50. The business’s fifty day moving average price is $56.29 and its two-hundred day moving average price is $50.32.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.37. The business had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.54 billion. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS.

Magna International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.495 per share. The ex-dividend date is Friday, February 27th. This is a boost from Magna International’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a yield of 3.0%. Magna International’s dividend payout ratio is currently 65.76%.

Hedge Funds Weigh In On Magna International

Several hedge funds and other institutional investors have recently modified their holdings of MGA. EverSource Wealth Advisors LLC raised its holdings in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares during the period. 1620 Investment Advisors Inc. increased its position in Magna International by 2.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock valued at $439,000 after buying an additional 215 shares in the last quarter. Van ECK Associates Corp increased its position in Magna International by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after buying an additional 235 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock worth $675,000 after buying an additional 246 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in Magna International by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock worth $254,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 67.49% of the company’s stock.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.