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

Magna International Inc. (TSE:MG) (NYSE:MGA) – Research analysts at Scotiabank issued their FY2026 earnings estimates for shares of Magna International in a research report issued on Wednesday, March 19th. Scotiabank analyst J. Goldman anticipates that the company will post earnings of $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 analysts also recently issued reports on the stock. Royal Bank of Canada raised shares of Magna International from a “hold” rating to a “moderate buy” rating in a research note on Friday, January 24th. Wolfe Research raised shares of Magna International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group downgraded shares of Magna International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 11th.

Magna International Price Performance

Shares of TSE:MG opened at C$52.28 on Monday. The company’s fifty day moving average is C$55.17 and its two-hundred day moving average is C$57.61. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 61.81. Magna International has a 12-month low of C$48.22 and a 12-month high of C$75.93. The company has a market cap of C$10.57 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.485 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Magna International’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.71%. Magna International’s dividend payout ratio is 48.07%.

About Magna International

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.