Finning International Inc. to Post FY2024 Earnings of $3.82 Per Share, National Bank Financial Forecasts (TSE:FTT)

Finning International Inc. (TSE:FTT) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Finning International in a research report issued on Wednesday, August 7th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $3.82 per share for the year, up from their previous forecast of $3.75. The consensus estimate for Finning International’s current full-year earnings is $4.14 per share. National Bank Financial also issued estimates for Finning International’s Q4 2024 earnings at $0.93 EPS.

Several other equities research analysts have also issued reports on the company. National Bankshares lifted their price target on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. CIBC boosted their target price on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Scotiabank boosted their target price on Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. TD Securities raised Finning International from a “hold” rating to a “buy” rating and boosted their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada boosted their target price on Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Finning International currently has an average rating of “Buy” and an average price target of C$49.75.

Finning International Trading Up 1.0 %

Shares of FTT stock opened at C$39.09 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 110.73. The business has a 50-day moving average price of C$39.48 and a two-hundred day moving average price of C$39.60. Finning International has a 12-month low of C$33.77 and a 12-month high of C$44.35. The firm has a market cap of C$5.45 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer Kevin Parkes purchased 2,777 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of C$36.39 per share, with a total value of C$101,055.03. In other news, Senior Officer Kevin Parkes bought 2,777 shares of Finning International stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of C$36.39 per share, for a total transaction of C$101,055.03. Also, Senior Officer Sebastian Tomas Guridi sold 700 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$44.01, for a total value of C$30,803.50. In the last 90 days, insiders acquired 25,941 shares of company stock valued at $1,074,679 and sold 1,100 shares valued at $47,788. 0.10% of the stock is currently owned by corporate insiders.

Finning International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, August 22nd. Finning International’s payout ratio is 31.34%.

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.