Q3 2024 Earnings Forecast for Finning International Inc. Issued By National Bank Financial (TSE:FTT)

Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial increased their Q3 2024 EPS estimates for shares of Finning International in a research note issued on Tuesday, May 7th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $1.03 for the quarter, up from their previous forecast of $0.94. National Bank Financial has a “Outperform Market Weight” rating on the stock. The consensus estimate for Finning International’s current full-year earnings is $3.99 per share.

A number of other research analysts have also issued reports on the company. TD Securities boosted their price objective on Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a research report on Wednesday. National Bankshares boosted their price target on shares of Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a report on Wednesday. CIBC boosted their target price on shares of Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Scotiabank raised their price target on shares of Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$49.13.

Finning International Stock Performance

Shares of FTT stock opened at C$43.39 on Friday. The company has a market cap of C$6.25 billion, a P/E ratio of 12.26, a PEG ratio of 0.56 and a beta of 1.63. The business has a 50 day moving average of C$39.95 and a two-hundred day moving average of C$38.08. Finning International has a 52 week low of C$33.77 and a 52 week high of C$46.30. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 106.56.

Finning International (TSE:FTT) last issued its quarterly earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion during the quarter, compared to the consensus estimate of C$2.54 billion.

Insider Buying and Selling at Finning International

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. 0.12% of the stock is currently owned by corporate insiders.

Finning International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.54%. This is an increase from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, May 21st. Finning International’s dividend payout ratio is 28.25%.

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.