Magna International (NYSE:MGA) Releases FY 2026 Earnings Guidance

Magna International (NYSE:MGA) (TSE:MG) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 6.250-7.250 for the period, compared to the consensus estimate of 6.720. The company issued revenue guidance of $41.5 billion-$43.1 billion, compared to the consensus revenue estimate of $42.4 billion.

Analysts Set New Price Targets

Several research firms recently commented on MGA. Royal Bank Of Canada reiterated a “sector perform” rating and set a $57.00 price objective on shares of Magna International in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. JPMorgan Chase & Co. reduced their price objective on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Zacks Research upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Finally, Raymond James Financial boosted their price objective on shares of Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.40.

Magna International Trading Up 2.9%

Shares of Magna International stock opened at $63.60 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. Magna International has a 12-month low of $32.54 and a 12-month high of $69.94. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 21.56 and a beta of 1.44. The firm’s 50 day simple moving average is $58.59 and its two-hundred day simple moving average is $54.25.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Friday, February 13th. The company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.37. The business had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. Magna International had a net margin of 1.99% and a return on equity of 12.73%. Magna International’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Analysts predict that Magna International will post 6.81 EPS for the current year.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.495 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.1%. Magna International’s payout ratio is currently 67.12%.

Institutional Trading of Magna International

Several large investors have recently made changes to their positions in MGA. Integrated Wealth Concepts LLC boosted its holdings in shares of Magna International by 19.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock valued at $231,000 after acquiring an additional 1,123 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Magna International by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock valued at $2,196,000 after acquiring an additional 7,073 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Magna International by 6.0% during the third quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock worth $421,000 after buying an additional 505 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Magna International by 196.9% during the third quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock worth $6,620,000 after buying an additional 92,613 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Magna International during the third quarter worth $112,000. 67.49% of the stock is owned by hedge funds and other institutional investors.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.