What is Scotiabank’s Forecast for TSE:FTT FY2024 Earnings?

Finning International Inc. (TSE:FTT) – Scotiabank lowered their FY2024 earnings per share estimates for shares of Finning International in a research report issued on Wednesday, January 8th. Scotiabank analyst now forecasts that the company will post earnings per share of $3.66 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 a number of other reports. Raymond James cut their price target on Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Royal Bank of Canada cut their target price on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. CIBC lifted their price target on shares of Finning International from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Canaccord Genuity Group cut their price objective on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets reduced their target price on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$48.25.

Finning International Trading Down 0.5 %

TSE FTT opened at C$37.52 on Friday. The stock has a market capitalization of C$5.23 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.56 and a beta of 1.55. The business has a 50 day simple moving average of C$38.42 and a 200 day simple moving average of C$39.64. 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 has a one year low of C$34.28 and a one year high of C$45.17.

About Finning International

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.