TSE:MG Q2 EPS Estimate Boosted by Raymond James Financial

Key Points

• Raymond James Financial has raised its Q2 2026 EPS forecast for Magna International to $2.14, slightly above the previous estimate of $2.13.
• Magna International's quarterly dividend of $0.485 per share will be paid on August 29th, with a dividend yield of 3.4%.
• Several analysts have recently adjusted their ratings on Magna International, including a downgrade from Royal Bank of Canada and a price target increase from Bank of America.

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Raymond James Financial raised their Q2 2026 earnings per share estimates for shares of Magna International in a note issued to investors on Tuesday, August 5th. Raymond James Financial analyst M. Glen now forecasts that the company will earn $2.14 per share for the quarter, up from their previous estimate of $2.13. The consensus estimate for Magna International's current full-year earnings is $8.89 per share. Raymond James Financial also issued estimates for Magna International's Q3 2026 earnings at $1.99 EPS and Q4 2026 earnings at $2.16 EPS.

A number of other brokerages also recently weighed in on MG. Royal Bank Of Canada downgraded Magna International from a "moderate buy" rating to a "hold" rating in a research report on Friday, April 11th. Veritas raised Magna International to a "hold" rating in a research report on Thursday, April 24th. Cfra Research raised Magna International to a "hold" rating in a research report on Monday. Finally, Bank of America raised their price objective on Magna International from C$58.00 to C$61.00 in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$61.00.

Magna International Stock Down 0.1%

Shares of Magna International stock traded down C$0.04 during trading on Wednesday, hitting C$58.48. 684,882 shares of the stock traded hands, compared to its average volume of 1,604,238. The firm has a market cap of C$11.83 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81. Magna International has a 52-week low of C$43.25 and a 52-week high of C$66.42. The stock's fifty day simple moving average is C$54.73 and its 200 day simple moving average is C$52.32.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be given a $0.485 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.3%. Magna International's payout ratio is 48.07%.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.