Finning International (TSE:FTT) Issues Earnings Results

Finning International (TSE:FTT) issued its quarterly earnings data on Tuesday. The company reported C$0.92 earnings per share for the quarter, FiscalAI reports. Finning International had a net margin of 6.21% and a return on equity of 24.05%. The company had revenue of C$2.50 billion for the quarter.

Finning International Stock Performance

Shares of FTT stock traded down C$1.01 during trading on Tuesday, reaching C$96.57. 305,147 shares of the company’s stock traded hands, compared to its average volume of 420,324. The firm’s 50-day moving average is C$91.45 and its 200 day moving average is C$83.47. The company has a market capitalization of C$12.63 billion, a P/E ratio of 19.55, a PEG ratio of 0.56 and a beta of 0.70. Finning International has a 1 year low of C$43.50 and a 1 year high of C$101.89. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71.

Analysts Set New Price Targets

Several analysts recently commented on the company. Scotiabank upped their target price on Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce upped their target price on Finning International from C$84.00 to C$102.00 in a research report on Friday, February 6th. Royal Bank Of Canada increased their price target on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. Canaccord Genuity Group upped their target price on shares of Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, TD lifted their price target on Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Finning International has an average rating of “Moderate Buy” and an average target price of C$96.33.

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.