Research Analysts Issue Forecasts for TSE:MG Q2 Earnings

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 - Investment analysts at Raymond James Financial lifted their Q2 2026 earnings per share estimates for Magna International in a research report issued on Tuesday, August 5th. Raymond James Financial analyst M. Glen now expects that the company will post earnings per share of $2.14 for the quarter, up from their prior 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 equities analysts have also weighed in on MG. Veritas upgraded Magna International to a "hold" rating in a research report on Thursday, April 24th. Cfra Research upgraded Magna International to a "hold" rating in a research report on Monday, August 4th. 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 issued a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$61.00.

Magna International Price Performance

MG stock traded down C$0.04 during trading hours on Wednesday, hitting C$58.48. 684,882 shares of the stock traded hands, compared to its average volume of 1,604,238. The stock has a 50-day simple moving average of C$54.73 and a 200 day simple moving average of C$52.29. Magna International has a one year low of C$43.25 and a one year high of C$66.42. The company has a market cap of C$11.83 billion, a P/E ratio of 10.98, a P/E/G 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 15th. Magna International's dividend payout ratio (DPR) is presently 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.