FY2024 Earnings Estimate for TSE:FTT Issued By Raymond James

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

A number of other research analysts have also recently commented on the company. Royal Bank of Canada dropped their price target on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. CIBC decreased their price objective on Finning International from C$50.00 to C$48.00 in a research note on Thursday, November 14th. Canaccord Genuity Group decreased their price objective on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Finally, Scotiabank set a C$51.00 price objective on Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$48.00.

Finning International Trading Down 0.3 %

TSE FTT opened at C$38.23 on Monday. Finning International has a 52 week low of C$34.04 and a 52 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 50 day moving average price of C$41.26 and a 200-day moving average price of C$40.76. The company has a market cap of C$5.33 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.56 and a beta of 1.55.

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.