Scotiabank Has Optimistic Outlook of TSE:FTT FY2026 Earnings

Finning International Inc. (TSE:FTT) – Analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Finning International in a research report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will earn $4.64 per share for the year, up from their previous forecast of $4.53. Scotiabank has a “Sector Outperform” rating and a $118.00 price objective on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Finning International (TSE:FTT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.The business had revenue of C$3.13 billion during the quarter.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada decreased their price target on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce increased their price objective on shares of Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th. TD raised their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Raymond James Financial lifted their price objective on shares of Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, National Bank Financial boosted their target price on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$116.78.

Finning International Stock Down 1.1%

FTT stock opened at C$90.60 on Monday. The company’s 50 day moving average price is C$98.40 and its 200 day moving average price is C$95.43. The company has a debt-to-equity ratio of 86.86, a quick ratio of 0.59 and a current ratio of 1.47. Finning International has a fifty-two week low of C$55.82 and a fifty-two week high of C$109.58. The firm has a market capitalization of C$11.79 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.56 and a beta of 0.86.

Insiders Place Their Bets

In other Finning International news, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the sale, the insider owned 16,016 shares of the company’s stock, valued at approximately C$1,699,617.92. This trade represents a 8.45% decrease in their ownership of the stock. Insiders have sold a total of 7,119 shares of company stock worth $755,606 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.