FY2024 Earnings Forecast for TSE:FTT Issued By Raymond James

Finning International Inc. (TSE:FTT) – Analysts at Raymond James lowered their FY2024 earnings estimates for Finning International in a research report issued to clients and investors on Thursday, November 14th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $3.70 for the year, down from their prior forecast of $3.95. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Other equities research analysts also recently issued reports about the stock. CIBC reduced their price target on shares of Finning International from C$50.00 to C$48.00 in a research note on Thursday. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and increased their target price for the company from C$43.00 to C$45.00 in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. Scotiabank set a C$51.00 price objective on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, Canaccord Genuity Group dropped their target price on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$48.00.

Finning International Price Performance

Finning International stock opened at C$38.34 on Monday. 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 52 week low of C$34.04 and a 52 week high of C$45.17. The stock has a market capitalization of C$5.35 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The stock has a fifty day moving average of C$41.30 and a 200-day moving average of C$40.79.

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.