What is Scotiabank’s Estimate for TSE:MG FY2026 Earnings?

Magna International Inc. (TSE:MG) (NYSE:MGA) – Stock analysts at Scotiabank issued their FY2026 earnings per share estimates for Magna International in a report released on Wednesday, March 19th. Scotiabank analyst J. Goldman forecasts that the company will earn $8.88 per share for the year. The consensus estimate for Magna International’s current full-year earnings is $8.89 per share.

Several other equities analysts also recently issued reports on the company. Wolfe Research upgraded Magna International from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 5th. Royal Bank of Canada upgraded Magna International from a “hold” rating to a “moderate buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group downgraded Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th.

Magna International Stock Up 0.8 %

TSE:MG opened at C$52.28 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81. The stock has a 50 day moving average of C$55.17 and a 200-day moving average of C$57.61. The firm has a market capitalization of C$10.57 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Magna International has a 52 week low of C$48.22 and a 52 week high of C$75.93.

Magna International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.71%. This is an increase from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, February 28th. Magna International’s dividend 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.