National Bank Financial Comments on TSE:FTT FY2024 Earnings

Finning International Inc. (TSE:FTT) – Equities research analysts at National Bank Financial reduced 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 forecasts that the company will earn $3.71 per share 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.

FTT has been the subject of a number of other reports. Royal Bank of Canada decreased their price target on shares of Finning International from C$50.00 to C$46.00 in a research note on Thursday. BMO Capital Markets cut their price target on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday. CIBC reduced their price objective on Finning International from C$50.00 to C$48.00 in a report on Thursday. Scotiabank set a C$51.00 price target on Finning International and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, Raymond James lowered their price objective on shares of Finning International from C$52.00 to C$50.00 in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$48.00.

Finning International Stock Performance

TSE:FTT opened at C$38.34 on Monday. Finning International has a fifty-two week low of C$34.04 and a fifty-two week high of C$45.17. The firm has a market cap of C$5.35 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The business has a 50 day moving average price of C$41.30 and a 200-day moving average price of C$40.79.

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.