TSE:FTT FY2024 EPS Reduced by National Bank Financial

Finning International Inc. (TSE:FTT) – Analysts at National Bank Financial decreased their FY2024 earnings per share estimates for Finning International in a research report issued on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $3.71 per share for the year, down from their previous forecast 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 a number of other reports. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Canaccord Genuity Group reduced their price objective on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Royal Bank of Canada lowered their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. BMO Capital Markets reduced their price target on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Finally, CIBC decreased their price target on shares of Finning International from C$50.00 to C$48.00 in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Price Performance

Shares of Finning International stock opened at C$38.23 on Monday. The stock’s 50-day simple moving average is C$41.26 and its 200-day simple moving average is C$40.76. Finning International has a 52 week low of C$34.04 and a 52 week high of C$45.17. The company has a market capitalization 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. 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.