Finning International Inc. (TSE: FTT – Get Rating) – Analysts at National Bank Financial raised their Q3 2022 earnings per share (EPS) estimates for shares of Finning International in a research note issued to investors on Wednesday, August 3rd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $ 0.72 per share for the quarter, up from their prior forecast of $ 0.63. The consensus estimate for Finning International’s current full-year earnings is $ 2.79 per share. National Bank Financial also issued estimates for Finning International’s Q4 2022 earnings at $ 0.75 EPS and FY2023 earnings at $ 2.81 EPS.
Finning International (TSE: FTT – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported C $ 0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C $ 0.64 by C $ 0.16. The company had revenue of C $ 2 billion for the quarter, compared to analyst estimates of C $ 1.89 billion.
Other research analysts have also issued research reports about the company. National Bankshares boosted their price objective on Finning International from C $ 41.00 to C $ 46.00 in a research report on Wednesday, July 13th. Royal Bank of Canada reduced their price target on Finning International from C $ 47.00 to C $ 44.00 and set an “outperform” rating for the company in a research report on Thursday. Raymond James set a C $ 46.00 price target on Finning International and gave the stock an “outperform” rating in a research report on Tuesday, May 10th. BMO Capital Markets boosted their price target on Finning International from C $ 32.00 to C $ 33.00 in a research report on Thursday. Finally, CIBC reduced their price target on Finning International from C $ 50.00 to C $ 35.00 in a research report on Wednesday, July 13th.
Finning International Trading Down 1.8%
TSE: FTT opened at C $ 28.02 on Friday. Finning International has a 12-month low of C $ 23.89 and a 12-month high of C $ 40.22. The firm has a market capitalization of C $ 4.31 billion and a P / E ratio of 11.68. The company has a debt-to-equity ratio of 91.20, a current ratio of 1.52 and a quick ratio of 0.58. The business has a 50 day simple moving average of C $ 28.61 and a 200 day simple moving average of C $ 33.71.
In other news, Senior Officer David William Cummings sold 2,702 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of C $ 33.37, for a total value of C $ 90,165.74. Following the completion of the sale, the insider now owns 97,607 shares in the company, valued at C $ 3,257,145.59. In other news, Senior Officer David William Cummings sold 2,702 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of C $ 33.37, for a total value of C $ 90,165.74. Following the completion of the sale, the insider now owns 97,607 shares in the company, valued at C $ 3,257,145.59. Also, Director Harold N. Kvisle acquired 3,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of C $ 32.65 per share, with a total value of C $ 97,950.00. Following the acquisition, the director now owns 38,000 shares of the company’s stock, valued at C $ 1,240,700. Insiders bought a total of 8,800 shares of company stock worth $ 254,134 over the last 90 days.
About Finning International
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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