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Finning International Inc. (TSE:FTT - Get Rating) - Equities researchers at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for Finning International in a report issued on Tuesday, January 10th. National Bank Financial analyst M. Sytchev forecasts that the company will post earnings of $3.09 per share for the year. The consensus estimate for Finning International's current full-year earnings is $3.10 per share. Ball Mill Stand
A number of other analysts have also issued reports on the company. CIBC lifted their price target on Finning International from C$37.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 9th. Scotiabank lifted their price objective on Finning International from C$35.00 to C$37.00 in a research report on Wednesday, November 9th. BMO Capital Markets upgraded Finning International from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from C$33.00 to C$38.00 in a research report on Wednesday, November 9th. Finally, Canaccord Genuity Group lifted their price objective on Finning International from C$42.00 to C$43.00 in a research report on Monday, December 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$42.50.Finning International Stock Performance
Shares of TSE:FTT opened at C$36.94 on Friday. The company has a debt-to-equity ratio of 95.51, a current ratio of 1.46 and a quick ratio of 0.59. The business's 50 day moving average price is C$33.29 and its 200-day moving average price is C$29.05. The firm has a market capitalization of C$5.63 billion and a PE ratio of 12.27. Finning International has a 1 year low of C$23.46 and a 1 year high of C$40.20.
Finning International (TSE:FTT - Get Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported C$0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.25. The firm had revenue of C$2.11 billion during the quarter, compared to analyst estimates of C$1.94 billion. Finning International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 8th. Shareholders of record on Thursday, November 24th were given a $0.236 dividend. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $0.94 dividend on an annualized basis and a yield of 2.56%. This is an increase from Finning International's previous quarterly dividend of $0.21. Finning International's payout ratio is currently 30.63%. Insider Buying and Selling at Finning International
In related news, Senior Officer Sebastian Tomas Guridi sold 1,177 shares of the business's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of C$34.09, for a total value of C$40,122.99. Following the sale, the insider now owns 197 shares in the company, valued at approximately C$6,715.57. In related news, Senior Officer Juan Pablo Amar sold 5,009 shares of the business's stock in a transaction on Friday, November 11th. The stock was sold at an average price of C$33.02, for a total value of C$165,402.19. Following the sale, the insider now owns 29,466 shares in the company, valued at approximately C$972,996.79. Also, Senior Officer Sebastian Tomas Guridi sold 1,177 shares of the business's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of C$34.09, for a total value of C$40,122.99. Following the transaction, the insider now directly owns 197 shares of the company's stock, valued at C$6,715.57. Insiders have sold 8,163 shares of company stock worth $270,764 over the last quarter. 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.Featured ArticlesWill Oil Stocks Once Again Lead The Market As Inflation Eases?Deere, Catepillar, PACCAR, Machinery Stocks You Need to Know 3 Small-Cap Biopharma Stocks that Could See Big Growth in 2023Optimism About Global Demand For Metals Boosts BHP, Other MinersExxon Mobil Expects Earnings and Cash Flow to Grow
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