What is Scotiabank's Estimate for TSE:MG FY2027 Earnings?

Key Points

• Scotiabank lowered Magna International’s FY2027 EPS estimate to $10.92 from $11.13, though it remains above the current consensus estimate of $8.89 per share.
• Analyst sentiment has softened, with Canadian Imperial Bank of Commerce and BMO Capital Markets downgrading the stock to “Hold”; overall, Magna retains an average “Buy” rating.
• Magna’s shares opened at C$89.58, while the company’s quarterly dividend of $0.495 per share represents a 2.2% annualized yield.

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Scotiabank decreased their FY2027 earnings per share estimates for Magna International in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $10.92 for the year, down from their prior estimate of $11.13. The consensus estimate for Magna International's current full-year earnings is $8.89 per share.

A number of other equities analysts have also commented on the stock. Canadian Imperial Bank of Commerce lowered shares of Magna International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 21st. BMO Capital Markets downgraded Magna International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Magna International Stock Up 0.1%

Shares of TSE:MG opened at C$89.58 on Tuesday. The company has a market capitalization of C$23.96 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 0.45 and a beta of 2.02. The company has a 50 day moving average of C$92.06 and a two-hundred day moving average of C$86.80. Magna International has a 52-week low of C$62.46 and a 52-week high of C$101.10. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07.

Magna International (TSE:MG - Get Free Report) NYSE: MGA last released its quarterly earnings results 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 return on equity of 6.15% and a net margin of 1.77%.

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 given a dividend of $0.4950 per share. The ex-dividend date was Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. Magna International's dividend payout ratio is currently 72.06%.

Insider Activity at Magna International

In other news, insider Bruce Cluney sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the insider owned 40,239 shares of the company's stock, 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 Company Profile

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.

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