Scotiabank Has Bearish Outlook for TSE:FTT FY2025 Earnings

Finning International Inc. (TSE:FTT) – Equities research analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Finning International in a research note issued on Wednesday, January 8th. Scotiabank analyst now forecasts that the company will post earnings per share of $3.91 for the year, down from their prior forecast of $4.16. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Several other research firms have also recently commented on FTT. Raymond James dropped their target price on shares of Finning International from C$52.00 to C$50.00 in a research report on Thursday, November 14th. Canaccord Genuity Group decreased their target price 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 objective on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. BMO Capital Markets dropped their target price on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Finally, 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 research note on Thursday, December 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$48.25.

Finning International Stock Performance

Shares of TSE:FTT opened at C$37.54 on Monday. The company has a 50-day moving average price of C$38.42 and a 200-day moving average price of C$39.64. The company has a market cap of C$5.24 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. Finning International has a 12 month low of C$34.28 and a 12 month high of C$45.17.

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.