Magna International (MGA) Projected to Release Earnings on Friday

Magna International (NYSE:MGA) (TSE:MG) is anticipated to announce its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to announce earnings of $1.52 per share and revenue of $10.5624 billion for the quarter. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Individuals can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Friday, July 31, 2026 at 8:00 AM ET.

Magna International (NYSE:MGA) (TSE:MG) last announced its earnings results on Friday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, analysts expect Magna International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Magna International Stock Performance

Shares of Magna International stock opened at $65.74 on Friday. The firm’s fifty day simple moving average is $65.00 and its 200-day simple moving average is $60.54. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.92 and a beta of 1.44. Magna International has a 12 month low of $40.51 and a 12 month high of $69.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.495 per share. The ex-dividend date was Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. Magna International’s dividend payout ratio is currently 82.85%.

Institutional Trading of Magna International

Several hedge funds have recently made changes to their positions in MGA. IFC & Insurance Marketing Inc. acquired a new stake in shares of Magna International in the 4th quarter worth $49,000. Atlas Capital Advisors Inc. acquired a new position in shares of Magna International during the fourth quarter worth about $67,000. Danske Bank A S purchased a new position in Magna International during the third quarter worth about $112,000. Parallel Advisors LLC raised its holdings in Magna International by 22.7% during the fourth quarter. Parallel Advisors LLC now owns 3,024 shares of the company’s stock worth $161,000 after purchasing an additional 560 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Magna International by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock valued at $254,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MGA. Zacks Research lowered shares of Magna International from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Scotiabank increased their target price on shares of Magna International from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company dropped their price target on Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Finally, Citigroup upped their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Magna International currently has a consensus rating of “Hold” and an average target price of $65.73.

Magna International Company Profile

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.