Finning International (FTT) Set to Announce Quarterly Earnings on Tuesday

Finning International (TSE:FTT) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

Finning International Stock Down 0.8 %

Shares of TSE FTT opened at C$41.45 on Friday. Finning International has a 1 year low of C$34.04 and a 1 year high of C$45.17. The company has a market capitalization of C$5.78 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a 50 day simple moving average of C$41.34 and a 200-day simple moving average of C$40.89. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank set a C$51.00 price target on Finning International and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. TD Securities raised shares of Finning International from a “hold” rating to a “buy” rating and increased their price target for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. BMO Capital Markets lifted their price objective on shares of Finning International from C$48.00 to C$50.00 in a report on Thursday, August 8th. CIBC raised their price target on shares of Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada increased their price objective on Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$48.83.

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.