Finning International (FTT) Set to Announce Earnings on Tuesday

Finning International (TSE:FTT - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

Finning International (TSE:FTT - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.98 by C$0.04. The company had revenue of C$2.65 billion during the quarter, compared to the consensus estimate of C$2.57 billion. Finning International had a return on equity of 20.14% and a net margin of 4.65%.

Finning International Stock Up 0.3 %

FTT traded up C$0.13 on Tuesday, reaching C$41.19. The company's stock had a trading volume of 365,459 shares, compared to its average volume of 347,739. The stock has a 50 day moving average of C$41.20 and a two-hundred day moving average of C$40.92. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The company has a market capitalization of C$5.74 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.56 and a beta of 1.55. Finning International has a fifty-two week low of C$33.77 and a fifty-two week high of C$45.17.

Insider Activity at Finning International

In related news, Senior Officer Kevin Parkes acquired 2,777 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of C$36.39 per share, with a total value of C$101,055.03. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FTT shares. Royal Bank of Canada raised their price target on shares of Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. CIBC raised their price target on shares of Finning International from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. TD Securities upgraded shares of Finning International from a "hold" rating to a "buy" rating and lifted their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Scotiabank set a C$51.00 price objective on shares of Finning International and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Finally, BMO Capital Markets boosted their target price on shares of Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$48.83.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.