TSE:FTT FY2024 EPS Lowered by National Bank Financial

Finning International Inc. (TSE:FTT) – Equities research analysts at National Bank Financial dropped their FY2024 EPS estimates for Finning International in a report issued on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now expects that the company will earn $3.71 per share 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.

Several other brokerages have also issued reports on FTT. Raymond James reduced their target price on Finning International from C$52.00 to C$50.00 in a research report on Thursday. BMO Capital Markets dropped their target price on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$43.00 to C$45.00 in a research note on Friday, August 9th. Royal Bank of Canada cut their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday. Finally, Canaccord Genuity Group lowered their price target on Finning International from C$53.00 to C$51.00 in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Finning International presently has an average rating of “Buy” and an average target price of C$48.00.

Finning International Stock Performance

Shares of FTT stock opened at C$38.34 on Monday. Finning International has a 12-month low of C$34.04 and a 12-month high of C$45.17. The business’s fifty day simple moving average is C$41.30 and its 200-day simple moving average is C$40.79. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The company has a market cap of C$5.35 billion, a PE ratio of 10.92, a PEG 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.