Finning International (FTT) Scheduled to Post Quarterly Earnings on Tuesday

Finning International (TSE:FTT) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Finning International to post earnings of C$1.03 per share for the quarter.

Finning International (TSE:FTT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.98 by C$0.04. The business had revenue of C$2.65 billion for the quarter, compared to the consensus estimate of C$2.57 billion. Finning International had a return on equity of 20.14% and a net margin of 4.65%.

Finning International Stock Down 0.5 %

Shares of FTT stock traded down C$0.20 on Tuesday, hitting C$40.86. The stock had a trading volume of 38,720 shares, compared to its average volume of 346,208. Finning International has a one year low of C$33.77 and a one year high of C$45.17. The business has a 50 day moving average price of C$41.20 and a 200 day moving average price of C$40.92. The company has a market cap of C$5.70 billion, a PE ratio of 11.70, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a quick ratio of 0.59, a current ratio of 1.55 and a debt-to-equity ratio of 113.71.

Insider Transactions at Finning International

In related news, Senior Officer Kevin Parkes acquired 2,777 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of C$36.39 per share, for a total transaction of C$101,055.03. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTT shares. Royal Bank of Canada boosted their price target on shares of Finning International from C$49.00 to C$50.00 in a report on Thursday, August 8th. CIBC increased their target price on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. BMO Capital Markets boosted their price target on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Scotiabank set a C$51.00 price objective on Finning International and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and lifted their target price for the company from C$43.00 to C$45.00 in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$48.83.

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.