TSE:FTT FY2024 EPS Reduced by National Bank Financial

Finning International Inc. (TSE:FTT) – Research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of Finning International in a report released on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $3.71 for the year, down from their prior 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.

Other equities analysts also recently issued reports about the company. BMO Capital Markets dropped their price target on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price target on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. CIBC dropped their price target on Finning International from C$50.00 to C$48.00 in a research note on Thursday, November 14th. Scotiabank set a C$51.00 target price on Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Canaccord Genuity Group lowered their target price on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$48.00.

Finning International Stock Performance

FTT stock opened at C$38.23 on Monday. The company has a market cap of C$5.33 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. Finning International has a 1 year low of C$34.04 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. The stock’s fifty day moving average price is C$41.26 and its 200-day moving average price is C$40.76.

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.