FY2027 Earnings Forecast for TSE:FTT Issued By Scotiabank

Finning International Inc. (TSE:FTT) – Stock analysts at Scotiabank issued their FY2027 earnings per share (EPS) estimates for Finning International in a report issued on Thursday, February 19th. Scotiabank analyst J. Goldman expects that the company will earn $5.26 per share for the year. Scotiabank currently has a “Outperform” rating and a $105.00 target price on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Finning International (TSE:FTT) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%.The firm had revenue of C$2.77 billion during the quarter.

FTT has been the subject of a number of other research reports. National Bank Financial raised their price objective on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. TD Securities increased their target price on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial lifted their price target on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. Canaccord Genuity Group upped their price target on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$94.63.

Finning International Stock Up 1.0%

Shares of Finning International stock opened at C$90.08 on Friday. Finning International has a 1-year low of C$34.59 and a 1-year high of C$91.14. The company has a market capitalization of C$11.78 billion, a PE ratio of 18.23, a P/E/G ratio of 0.56 and a beta of 0.80. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The business has a 50-day moving average of C$81.75 and a 200-day moving average of C$71.59.

About Finning International

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.