What is Raymond James’ Forecast for TSE:FTT FY2024 Earnings?

Finning International Inc. (TSE:FTT) – Investment analysts at Raymond James dropped their FY2024 earnings per share (EPS) estimates for Finning International in a research note issued to investors on Thursday, November 14th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $3.70 for the year, down from their prior estimate of $3.95. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Several other equities analysts have also issued reports on FTT. BMO Capital Markets decreased their price target on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday. CIBC lowered their price target on Finning International from C$50.00 to C$48.00 in a report on Thursday. Royal Bank of Canada cut their price objective on Finning International from C$50.00 to C$46.00 in a report on Thursday. Canaccord Genuity Group cut their price target on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday. Finally, Scotiabank set a C$51.00 price objective on shares of Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Finning International has an average rating of “Buy” and an average target price of C$48.00.

Finning International Trading Up 0.3 %

TSE:FTT opened at C$38.34 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. Finning International has a 1-year low of C$34.04 and a 1-year high of C$45.17. The firm has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.56 and a beta of 1.55. The business’s 50-day moving average price is C$41.30 and its two-hundred day moving average price is C$40.79.

Finning International Company Profile

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.