Scotiabank Expects Lower Earnings for Finning International

Finning International Inc. (TSE:FTT - Free Report) - Research analysts at Scotiabank reduced their FY2024 EPS estimates for shares of Finning International in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst now anticipates that the company will earn $3.66 per share for the year, down from their previous estimate of $3.91. The consensus estimate for Finning International's current full-year earnings is $4.24 per share.

A number of other equities analysts have also commented on the company. CIBC lifted their price objective on Finning International from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets dropped their price target on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price objective on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group cut their price target on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$48.25.

Finning International Trading Down 0.5 %

Shares of TSE FTT traded down C$0.20 during trading on Friday, reaching C$37.52. The company had a trading volume of 256,140 shares, compared to its average volume of 267,297. The stock has a market cap of C$5.23 billion, a P/E ratio of 10.69, a PEG ratio of 0.56 and a beta of 1.55. The company's fifty day moving average price is C$38.48 and its 200-day moving average price is C$39.66. 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 has a 12 month low of C$34.28 and a 12 month high of C$45.17.

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.