FY2027 EPS Forecast for Magna International Cut by Analyst

Magna International Inc. (TSE:MG) (NYSE:MGA) – Analysts at Scotiabank reduced their FY2027 EPS estimates for Magna International in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $10.51 per share for the year, down from their prior forecast of $10.77. 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.

Separately, Veritas upgraded Magna International to a “strong-buy” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Magna International Price Performance

TSE:MG opened at C$92.55 on Friday. Magna International has a 12 month low of C$56.04 and a 12 month high of C$97.04. The stock has a 50 day moving average of C$91.39 and a two-hundred day moving average of C$83.85. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 56.24. The firm has a market cap of C$25.19 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13.

Magna International (TSE:MG) (NYSE:MGA) last issued its quarterly earnings results on Friday, May 1st. The company reported C$1.92 earnings per share for the quarter. Magna International had a net margin of 1.59% and a return on equity of 5.43%. The firm had revenue of C$14.43 billion for the quarter.

Magna International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 15th. Magna International’s dividend payout ratio is 82.28%.

Insider Buying and Selling at Magna International

In related news, insider Eric Jon Wilds Wilds sold 34,672 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$91.31, for a total transaction of C$3,165,900.32. Following the completion of the sale, the insider owned 38,756 shares of the company’s stock, valued at approximately C$3,538,810.36. This represents a 47.22% decrease in their position. Also, insider John Hugh Farrell sold 31,523 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the sale, the insider directly owned 50,020 shares of the company’s stock, valued at approximately C$4,472,288.20. This represents a 38.66% decrease in their position. In the last three months, insiders sold 150,405 shares of company stock valued at $13,505,134. Corporate insiders own 6.18% of the company’s stock.

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.