What is Scotiabank's Forecast for TSE:MG FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for Magna International to C$9.75 from C$9.34, above the current consensus estimate of C$8.89, and maintained a “Strong Buy” rating.
• Magna recently reported quarterly EPS of C$2.64 on revenue of C$15.60 billion. The stock opened at C$100.49 and is trading near its one-year high of C$101.10.
• The company declared a quarterly dividend of C$0.495, equivalent to C$1.98 annually and a 2.0% yield; insiders have sold 155,405 shares worth roughly C$13.98 million over the past 90 days.

Magna International Inc. (TSE:MG - Free Report) NYSE: MGA - Research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Magna International in a report released on Tuesday, August 4th. Scotiabank analyst J. Goldman now forecasts that the company will earn $9.75 per share for the year, up from their previous estimate of $9.34. 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 announced its quarterly earnings data on Friday, July 31st. The company reported C$2.64 earnings per share for the quarter. The company 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%.

Separately, Veritas upgraded shares of 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Magna International Stock Up 1.9%

Shares of TSE MG opened at C$100.49 on Thursday. Magna International has a one year low of C$57.31 and a one year high of C$101.10. The company has a debt-to-equity ratio of 15.82, a current ratio of 1.22 and a quick ratio of 0.83. The firm's 50 day simple moving average is C$93.03 and its two-hundred day simple moving average is C$84.98. The stock has a market capitalization of C$27.78 billion, a P/E ratio of 36.94, a PEG ratio of 0.45 and a beta of 2.11.

Insider Transactions at Magna International

In related news, insider Eric Jon Wilds Wilds sold 34,672 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$91.31, for a total transaction of C$3,165,900.32. Following the transaction, the insider directly owned 38,756 shares in the company, valued at C$3,538,810.36. This trade represents a 47.22% decrease in their position. Also, insider John Hugh Farrell sold 31,523 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total value of C$2,818,471.43. Following the transaction, the insider owned 50,020 shares in the company, valued at approximately C$4,472,288.20. The trade was a 38.66% decrease in their ownership of the stock. In the last 90 days, insiders have sold 155,405 shares of company stock valued at $13,981,234. 6.18% of the stock is currently owned by corporate insiders.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 28th will be issued a $0.495 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.0%. Magna International's payout ratio is currently 72.06%.

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 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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