Research Analysts Offer Predictions for TSE:MG Q2 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Equities research analysts at Raymond James Financial upped their Q2 2026 earnings per share (EPS) estimates for Magna International in a report released on Tuesday, August 5th. Raymond James Financial analyst M. Glen now forecasts that the company will post earnings of $2.14 per share for the quarter, up from their prior forecast 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 have also recently commented on MG. Royal Bank Of Canada cut Magna International from a “moderate buy” rating to a “hold” rating in a research report on Friday, April 11th. Veritas raised shares of Magna International to a “hold” rating in a report on Thursday, April 24th. Finally, Bank of America boosted their target price on shares of Magna International from C$58.00 to C$61.00 in a research report on Monday, June 16th.

Magna International Stock Performance

TSE:MG opened at C$57.67 on Wednesday. The stock has a 50 day simple moving average of C$54.40 and a 200 day simple moving average of C$52.32. The stock has a market cap of C$11.66 billion, a P/E ratio of 10.83, a PEG ratio of 0.45 and a beta of 1.60. Magna International has a 1-year low of C$43.25 and a 1-year high of C$66.42. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, August 15th. Magna International’s payout ratio 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.