Scotiabank Has Positive Estimate for TSE:MG FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Magna International to C$9.84 from C$9.75, well above the consensus estimate of C$8.89.
• Despite downgrades from BMO Capital Markets and CIBC to “Hold,” Magna retains a consensus “Buy” rating, with two analysts rating it Strong Buy and two rating it Hold.
• Magna shares opened at C$89.49, while the company pays a quarterly dividend of $0.495 per share, representing a 2.2% yield and a 72.06% payout ratio.

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Analysts at Scotiabank upped their FY2026 earnings estimates for Magna International in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will earn $9.84 per share for the year, up from their prior forecast of $9.75. The consensus estimate for Magna International's current full-year earnings is $8.89 per share.

A number of other equities research analysts have also issued reports on MG. BMO Capital Markets lowered shares of Magna International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 17th. Canadian Imperial Bank of Commerce downgraded shares of Magna International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy".

Magna International Stock Down 1.2%

Magna International stock opened at C$89.49 on Monday. Magna International has a twelve month low of C$62.46 and a twelve month high of C$101.10. The company has a debt-to-equity ratio of 55.07, a quick ratio of 0.83 and a current ratio of 1.22. The firm has a market cap of C$23.94 billion, a PE ratio of 32.90, a P/E/G ratio of 0.45 and a beta of 2.02. The firm's 50 day moving average price is C$92.02 and its two-hundred day moving average price is C$90.64.

Magna International (TSE:MG - Get Free Report) NYSE: MGA last announced its quarterly earnings data on Friday, July 31st. The company reported C$2.64 EPS for the quarter. The firm had revenue of C$15.60 billion for the quarter. Magna International had a net margin of 1.77% and a return on equity of 6.15%.

Insider Buying and Selling

In related news, insider Bruce Cluney sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of C$95.22, for a total value of C$476,100.00. Following the transaction, the insider owned 40,239 shares in the company, valued at approximately C$3,831,557.58. This represents a 11.05% decrease in their ownership of the stock. Corporate insiders own 6.18% of the company's stock.

Magna International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 28th were issued a dividend of $0.4950 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 14th. Magna International's payout ratio is currently 72.06%.

About Magna International

Magna is one of the world's largest automotive suppliers and a trusted partner to automakers in the industry's most critical markets-North America, Europe, and Asia. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.