National Bank Financial Weighs in on Finning International Inc.’s FY2024 Earnings (TSE:FTT)

Finning International Inc. (TSE:FTTFree Report) – Stock analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of Finning International in a research note issued on Wednesday, February 7th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $3.85 per share for the year, down from their previous estimate of $4.00. National Bank Financial has a “Outperform Market Weight” rating on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.02 per share.

Several other research firms have also recently weighed in on FTT. BMO Capital Markets lowered their target price on Finning International from C$48.00 to C$47.00 in a research note on Wednesday, February 7th. National Bankshares raised Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 target price on the stock in a research note on Thursday, February 8th. CIBC lowered their target price on Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. TD Securities lifted their target price on Finning International from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada lowered their price target on Finning International from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$47.25.

Get Our Latest Analysis on FTT

Finning International Price Performance

TSE FTT opened at C$37.80 on Monday. The stock’s 50-day moving average price is C$38.18 and its two-hundred day moving average price is C$39.35. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 112.19. The company has a market cap of C$5.49 billion, a PE ratio of 9.87, a PEG ratio of 0.56 and a beta of 1.57. Finning International has a 1 year low of C$31.83 and a 1 year high of C$46.30.

Finning International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.65%. Finning International’s dividend payout ratio (DPR) is presently 26.11%.

Insider Transactions at Finning International

In other news, Senior Officer Kevin Parkes bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of C$36.14 per share, for a total transaction of C$108,420.00. Corporate insiders own 0.27% of the company’s stock.

About Finning International

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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, draglines, 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.

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