Research Analysts Offer Predictions for MGA FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Magna International to $7.00 from $6.93, while maintaining a “Sector Outperform” rating and a $78 price target. The estimate is close to the $7.03 analyst consensus.
• Analyst sentiment is mixed: Magna has an overall “Hold” consensus rating and an average price target of $68.87, with targets ranging from $68 to $77 among recently updating firms.
• Magna’s latest quarterly results exceeded expectations, with $1.86 EPS and $10.84 billion in revenue; the company reaffirmed FY2026 EPS guidance of $6.70–$7.30. The company also pays an annualized $1.98 dividend, yielding about 3.1%.

Magna International Inc. (NYSE:MGA - Free Report) TSE: MG - Equities research analysts at Scotiabank increased their FY2026 earnings estimates for shares of Magna International in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $7.00 per share for the year, up from their prior estimate of $6.93. Scotiabank currently has a "Sector Outperform" rating and a $78.00 target price on the stock. The consensus estimate for Magna International's current full-year earnings is $7.03 per share.

A number of other equities analysts also recently weighed in on the stock. TD decreased their target price on shares of Magna International from $80.00 to $77.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. 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 report on Tuesday, September 15th. Morgan Stanley cut their price target on 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. Barclays raised their price objective on Magna International from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, October 9th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $70.00 price objective (down from $76.00) on shares of Magna International in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $68.87.

Magna International Trading Down 0.0%

NYSE:MGA opened at $63.95 on Monday. Magna International has a one year low of $44.64 and a one year high of $73.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. The company's 50-day simple moving average is $65.67 and its 200 day simple moving average is $64.90. The firm has a market capitalization of $16.94 billion, a P/E ratio of 23.17, a PEG ratio of 0.68 and a beta of 1.46.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.33. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.63 billion. During the same period in the prior year, the firm earned $1.44 EPS. The company's revenue was up 3.3% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS.

Magna International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.4950 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, August 14th. Magna International's dividend payout ratio (DPR) is currently 71.74%.

Hedge Funds Weigh In On Magna International

A number of hedge funds have recently added to or reduced their stakes in the company. Oslo Pensjonsforsikring AS bought a new stake in Magna International in the 1st quarter worth about $45,000. Versant Capital Management Inc lifted its stake in Magna International by 53.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,171 shares of the company's stock valued at $75,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Magna International by 115.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the company's stock valued at $93,000 after acquiring an additional 896 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Magna International by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company's stock valued at $184,000 after acquiring an additional 275 shares during the last quarter. Finally, Louisbourg Investments Inc. purchased a new stake in shares of Magna International during the 3rd quarter valued at about $186,000. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

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.

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