FY2022 Earnings Forecast for Finning International Inc. (TSE:FTT) Issued By National Bank Financial

Finning International Inc. (TSE:FTTGet Rating) – Equities research analysts at National Bank Financial reduced their FY2022 earnings per share (EPS) estimates for Finning International in a report issued on Wednesday, September 14th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $2.81 per share for the year, down from their previous forecast of $2.86. The consensus estimate for Finning International’s current full-year earnings is $2.85 per share.

A number of other research firms have also issued reports on FTT. National Bankshares increased their target price on Finning International from C$41.00 to C$46.00 in a research note on Wednesday, July 13th. Scotiabank increased their target price on Finning International from C$38.00 to C$39.00 in a research note on Thursday, August 4th. CIBC lowered their target price on Finning International from C$50.00 to C$35.00 in a research note on Wednesday, July 13th. Royal Bank of Canada lowered their target price on Finning International from C$47.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Finally, BMO Capital Markets increased their target price on Finning International from C$32.00 to C$33.00 in a research note on Thursday, August 4th.

Finning International Price Performance

FTT stock opened at C$26.69 on Monday. The company has a debt-to-equity ratio of 94.74, a quick ratio of 0.54 and a current ratio of 1.47. Finning International has a 1 year low of C$23.89 and a 1 year high of C$40.22. The firm has a market cap of C$4.17 billion and a P/E ratio of 10.07. The stock has a 50-day simple moving average of C$27.44 and a 200-day simple moving average of C$31.86.

Finning International (TSE:FTTGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.16. The firm had revenue of C$2 billion for the quarter, compared to analyst estimates of C$1.89 billion.

Insider Buying and Selling at Finning International

In other Finning International news, Director Harold N. Kvisle acquired 5,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was purchased at an average price of C$26.92 per share, for a total transaction of C$134,600.00. Following the purchase, the director now directly owns 45,000 shares in the company, valued at C$1,211,400.

Finning International Company Profile

(Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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Earnings History and Estimates for Finning International (TSE:FTT)

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