FY2024 Earnings Estimate for TSE:FTT Issued By Raymond James

Finning International Inc. (TSE:FTT - Free Report) - Equities research analysts at Raymond James reduced their FY2024 earnings per share estimates for Finning International in a report issued on Thursday, November 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $3.70 per share for the year, down from their prior estimate of $3.95. The consensus estimate for Finning International's current full-year earnings is $4.24 per share.

A number of other equities research analysts have also recently weighed in on FTT. Scotiabank set a C$51.00 price objective on Finning International and gave the company an "outperform" rating in a research note on Wednesday, August 21st. CIBC cut their price objective on Finning International from C$50.00 to C$48.00 in a research report on Thursday. Canaccord Genuity Group cut their price objective on Finning International from C$53.00 to C$51.00 in a research report on Thursday. TD Securities upgraded Finning International from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Finally, BMO Capital Markets lowered their target price on Finning International from C$50.00 to C$46.00 in a report on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Finning International currently has an average rating of "Buy" and a consensus target price of C$48.00.

Finning International Stock Performance

TSE FTT traded down C$0.11 on Monday, reaching C$38.23. The stock had a trading volume of 647,173 shares, compared to its average volume of 352,952. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. Finning International has a 12-month low of C$34.04 and a 12-month high of C$45.17. The business's 50-day moving average price is C$41.26 and its 200 day moving average price is C$40.76. The stock has a market cap of C$5.33 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55.

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.