Scotiabank Has Bearish Forecast for TSE:FTT FY2025 Earnings

Finning International Inc. (TSE:FTT) – Equities researchers at Scotiabank decreased their FY2025 EPS estimates for Finning International in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst now expects that the company will earn $3.91 per share for the year, down from their previous estimate of $4.16. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

FTT has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. BMO Capital Markets lowered their target price on Finning International from C$50.00 to C$46.00 in a research note on Thursday, November 14th. CIBC increased their price target on Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Canaccord Genuity Group lowered their price objective on Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Finally, Raymond James dropped their price objective on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$48.25.

Finning International Stock Performance

FTT stock opened at C$37.52 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71. The firm has a market cap of C$5.23 billion, a PE ratio of 10.69, a P/E/G ratio of 0.56 and a beta of 1.55. The business has a 50 day moving average of C$38.42 and a 200-day moving average of C$39.64. Finning International has a 12-month low of C$34.28 and a 12-month high of C$45.17.

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.