Finning International (FTT) Scheduled to Post Quarterly Earnings on Tuesday

Finning International (TSE:FTT) is set to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

Finning International Trading Down 0.8 %

Shares of FTT stock opened at C$41.45 on Friday. Finning International has a fifty-two week low of C$34.04 and a fifty-two week high of C$45.17. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The business has a fifty day simple moving average of C$41.34 and a 200-day simple moving average of C$40.89. The stock has a market cap of C$5.78 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.56 and a beta of 1.55.

Wall Street Analysts Forecast Growth

FTT has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Finning International from C$49.00 to C$50.00 in a research report on Thursday, August 8th. Scotiabank set a C$51.00 price target on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. CIBC upped their price objective on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and lifted 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 upped their target price on shares of Finning International from C$48.00 to C$50.00 in a report on Thursday, August 8th. 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$48.83.

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.