Scotiabank Has Positive Outlook of TSE:MG FY2027 Earnings

Key Points

• Scotiabank raised Magna International’s FY2027 EPS estimate to $11.13 from $10.51 and maintained a “Strong Buy” rating, well above the current full-year consensus estimate of $8.89.
• Magna reported quarterly EPS of C$2.64 on revenue of C$15.60 billion, while analysts broadly remain bullish: four rate the stock Strong Buy and one rates it Hold.
• The company declared a quarterly dividend of $0.495 per share, implying an annualized dividend of $1.98 and a 2.1% yield; insiders have sold approximately $13.98 million of shares over the past 90 days.

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Scotiabank raised their FY2027 earnings per share (EPS) estimates for Magna International in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $11.13 for the year, up from their previous estimate of $10.51. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for Magna International's current full-year earnings is $8.89 per share.

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

Separately, Veritas upgraded Magna International to a "strong-buy" rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Magna International Stock Performance

Shares of MG stock opened at C$95.10 on Friday. Magna International has a fifty-two week low of C$57.85 and a fifty-two week high of C$101.10. The stock's 50-day moving average is C$93.11 and its two-hundred day moving average is C$85.11. The company has a debt-to-equity ratio of 55.07, a current ratio of 1.22 and a quick ratio of 0.83. The firm has a market cap of C$26.29 billion, a P/E ratio of 34.96, a PEG ratio of 0.45 and a beta of 2.11.

Insider Buying and Selling at Magna International

In related news, insider Bruce Cluney sold 5,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of C$95.22, for a total value of C$476,100.00. Following the completion of the sale, the insider directly 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. Also, insider John Hugh Farrell sold 31,523 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the completion of the sale, the insider owned 50,020 shares of the company's stock, valued at C$4,472,288.20. This represents a 38.66% decrease in their ownership of the stock. Insiders have sold 155,405 shares of company stock worth $13,981,234 in the last ninety days. Company insiders own 6.18% of the company's stock.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.495 per share. The ex-dividend date is Friday, August 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. Magna International's dividend payout ratio (DPR) 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 China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.

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