FY2024 EPS Forecast for Finning International Cut by Analyst

Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of Finning International in a research note issued to investors 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 previous 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.

Several other equities research analysts have also weighed in on FTT. Canaccord Genuity Group decreased their price objective on Finning International from C$53.00 to C$51.00 in a report on Thursday, November 14th. Scotiabank set a C$51.00 price target on shares of Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Royal Bank of Canada cut their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. BMO Capital Markets lowered their target price on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Finally, TD Securities raised Finning International from a “hold” rating to a “buy” rating and raised their price target for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Finning International has a consensus rating of “Buy” and a consensus target price of C$48.00.

Finning International Stock Performance

TSE:FTT opened at C$37.22 on Monday. The company has a market capitalization of C$5.19 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.56 and a beta of 1.55. The business has a fifty day simple moving average of C$41.23 and a two-hundred day simple moving average of C$40.73. 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 1 year low of C$34.04 and a 1 year 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.