FY2024 EPS Estimates for TSE:FTT Lowered by Analyst

Finning International Inc. (TSE:FTT - Free Report) - Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Finning International in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now expects that the company will earn $3.71 per share for the year, down from their prior estimate of $3.82. The consensus estimate for Finning International's current full-year earnings is $4.24 per share. National Bank Financial also issued estimates for Finning International's FY2025 earnings at $3.65 EPS.

FTT has been the topic of several other reports. BMO Capital Markets reduced their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday. TD Securities raised 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 report on Friday, August 9th. Royal Bank of Canada lowered their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday. Raymond James reduced their price objective on Finning International from C$52.00 to C$50.00 in a report on Thursday. Finally, Scotiabank set a C$51.00 price target on Finning International and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$48.00.

Finning International Price Performance

FTT stock traded down C$0.11 during midday trading on Monday, reaching C$38.23. 647,173 shares of the company's stock traded hands, compared to its average volume of 352,952. The company has a 50-day simple moving average of C$41.26 and a two-hundred day simple moving average of C$40.76. The company has a market cap of C$5.33 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.56 and a beta of 1.55. Finning International has a 1-year low of C$34.04 and a 1-year high of C$45.17. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

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.