Scotiabank Has Positive Outlook for TSE:MG FY2027 Earnings

Magna International Inc. (TSE:MG) (NYSE:MGA) – Research analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Magna International in a note issued to investors on Tuesday, August 4th. Scotiabank analyst J. Goldman now expects that the company will earn $11.13 per share for the year, up from their previous forecast of $10.51. Scotiabank 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 raised 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 stock. Based on data from MarketBeat, Magna International has a consensus rating of “Strong Buy”.

Magna International Stock Down 5.4%

Shares of MG stock opened at C$95.10 on Friday. Magna International has a one year low of C$57.85 and a one year high of C$101.10. The company has a debt-to-equity ratio of 55.07, a current ratio of 1.22 and a quick ratio of 0.83. The stock has a fifty day moving average price of C$93.11 and a 200 day moving average price of C$85.11. The stock has a market cap of C$26.29 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 0.45 and a beta of 2.11.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, July 31st. The company reported C$2.64 earnings per share (EPS) for the quarter. The firm 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%.

Insider Buying and Selling

In related news, 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 transaction of C$2,818,471.43. Following the completion of the transaction, the insider owned 50,020 shares in the company, valued at C$4,472,288.20. This trade represents a 38.66% decrease in their position. Also, insider Bruce Cluney sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of C$95.22, for a total value of C$476,100.00. Following the transaction, the insider owned 40,239 shares of the company’s stock, valued at C$3,831,557.58. This trade represents a 11.05% decrease in their position. In the last 90 days, insiders sold 155,405 shares of company stock worth $13,981,234. Insiders own 6.18% of the company’s stock.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 14th. Magna International’s payout ratio is presently 72.06%.

About Magna International

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.