Finning International (FTT) Set to Announce Earnings on Tuesday

Finning International (TSE:FTT) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

Finning International (TSE:FTT) last released its earnings results on Tuesday, August 6th. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.98 by C$0.04. The company had revenue of C$2.65 billion for the quarter, compared to analysts’ expectations of C$2.57 billion. Finning International had a net margin of 4.65% and a return on equity of 20.14%.

Finning International Price Performance

Finning International stock traded down C$0.20 during mid-day trading on Tuesday, hitting C$40.86. The stock had a trading volume of 38,720 shares, compared to its average volume of 346,208. Finning International has a one year low of C$33.77 and a one year high of C$45.17. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71. The firm has a market capitalization of C$5.70 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.56 and a beta of 1.55. The firm’s 50 day moving average is C$41.20 and its 200 day moving average is C$40.92.

Insider Activity

In related news, Senior Officer Kevin Parkes bought 2,777 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of C$36.39 per share, for a total transaction of C$101,055.03. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FTT. CIBC increased their target price on Finning International from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Securities upgraded shares of Finning International from a “hold” rating to a “buy” rating and upped their target price for the stock from C$43.00 to C$45.00 in a research report on Friday, August 9th. Royal Bank of Canada raised their target price on shares of Finning International from C$49.00 to C$50.00 in a research note on Thursday, August 8th. BMO Capital Markets raised their price objective on Finning International from C$48.00 to C$50.00 in a research report on Thursday, August 8th. Finally, Scotiabank set a C$51.00 target price on Finning International and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Finning International currently has an average rating of “Buy” and a consensus target price of C$48.83.

Finning International Company Profile

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.