Finning International (TSE:FTT) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 7th. Analysts expect Finning International to post earnings of C$0.44 per share for the quarter.
Finning International (TSE:FTT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.30 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.03). The company had revenue of C$1.72 billion during the quarter, compared to analyst estimates of C$1.67 billion.
FTT opened at C$23.11 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 109.98. The firm has a market capitalization of $3.77 billion and a price-to-earnings ratio of 20.40. Finning International has a 52 week low of C$21.36 and a 52 week high of C$35.00. The firm’s fifty day moving average is C$23.24.
A number of analysts recently commented on FTT shares. Canaccord Genuity reaffirmed a “hold” rating and set a $20.00 price objective (down previously from $29.00) on shares of Sailpoint Technologies in a research note on Thursday, May 9th. Raymond James reaffirmed an “average” rating and set a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. TD Securities lowered Tricon Capital Group from an “action list buy” rating to a “buy” rating and decreased their price objective for the company from C$14.50 to C$13.50 in a research note on Thursday, May 9th. Finally, CIBC decreased their price objective on Stuart Olson from C$5.00 to C$4.00 in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Finning International currently has a consensus rating of “Buy” and an average price target of C$29.86.
In related news, Senior Officer Cornelis Mauritius H.J. Breukels sold 3,484 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.67, for a total transaction of C$78,982.28. Following the transaction, the insider now directly owns 9,905 shares in the company, valued at C$224,546.35. Also, Senior Officer Gregory Palaschuk bought 2,240 shares of Finning International stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of C$22.81 per share, for a total transaction of C$51,094.62. Following the completion of the transaction, the insider now directly owns 15,065 shares of the company’s stock, valued at approximately C$343,634.16.
Finning International Company Profile
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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