Scotiabank Cuts Earnings Estimates for Finning International

Finning International Inc. (TSE:FTT) – Research analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Finning International in a report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will earn $5.26 per share for the year, down from their previous forecast of $5.41. Scotiabank currently has a “Sector Outperform” rating and a $118.00 target price on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Other equities analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their price target on Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. TD raised their target price on shares of Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Raymond James Financial upped their price target on shares of Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. BMO Capital Markets increased their price objective on shares of Finning International from C$118.00 to C$122.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, National Bank Financial lifted their price objective on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Finning International has an average rating of “Buy” and a consensus price target of C$116.78.

Finning International Trading Down 1.4%

Shares of Finning International stock opened at C$92.02 on Friday. Finning International has a twelve month low of C$55.82 and a twelve month high of C$109.58. The company has a quick ratio of 0.59, a current ratio of 1.47 and a debt-to-equity ratio of 86.86. The business has a 50-day moving average price of C$98.68 and a 200-day moving average price of C$95.38. The firm has a market cap of C$11.97 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.56 and a beta of 0.86.

Finning International (TSE:FTT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The company had revenue of C$3.13 billion during the quarter.

Insider Activity

In related news, insider Tim Arne Ferwerda sold 1,478 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the completion of the transaction, the insider owned 16,016 shares in the company, valued at C$1,699,617.92. The trade was a 8.45% decrease in their position. Over the last three months, insiders sold 7,119 shares of company stock worth $755,606. 0.10% of the stock is currently owned by company insiders.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.