FY2024 EPS Estimates for TSE:FTT Decreased by Analyst

Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Finning International in a report released on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $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 subject of a number of other research reports. Canaccord Genuity Group cut their price target on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. BMO Capital Markets dropped their target price on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Royal Bank of Canada decreased their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Raymond James dropped their price objective on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Finally, Scotiabank set a C$51.00 price objective on shares of Finning International and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Trading Down 2.6 %

TSE:FTT opened at C$37.22 on Monday. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. Finning International has a one year low of C$34.04 and a one year high of C$45.17. The company has a market cap of C$5.19 billion, a PE ratio of 10.60, a PEG ratio of 0.56 and a beta of 1.55. The firm has a 50-day moving average of C$41.23 and a 200-day moving average of C$40.73.

About Finning International

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.