Scotiabank Cuts Earnings Estimates for Finning International

Finning International Inc. (TSE:FTT) – Equities researchers at Scotiabank reduced their FY2024 earnings estimates for shares of Finning International in a research note issued on Wednesday, January 8th. Scotiabank analyst now expects that the company will post earnings of $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.

FTT has been the topic of several other reports. Canaccord Genuity Group cut their price target on Finning International from C$53.00 to C$51.00 in a research 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 cut their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. CIBC increased their price target on shares of Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$48.25.

Finning International Trading Down 0.5 %

Shares of Finning International stock opened at C$37.52 on Friday. The stock has a market cap of C$5.23 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The firm has a fifty day moving average price of C$38.48 and a 200 day moving average price of C$39.66. Finning International has a 1 year low of C$34.28 and a 1 year high of C$45.17. 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 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.