Finning International Inc. Expected to Earn Q2 2022 Earnings of $0.64 Per Share (TSE:FTT)

Finning International Inc. (TSE:FTTGet Rating) – Stock analysts at National Bank Financial boosted their Q2 2022 earnings per share (EPS) estimates for shares of Finning International in a note issued to investors on Tuesday, May 10th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.64 per share for the quarter, up from their previous forecast of $0.63. National Bank Financial also issued estimates for Finning International’s Q3 2022 earnings at $0.63 EPS, Q4 2022 earnings at $0.65 EPS and FY2022 earnings at $2.51 EPS.

Finning International (TSE:FTTGet Rating) last announced its earnings results on Tuesday, February 8th. The company reported C$0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.17. The business had revenue of C$1.77 billion during the quarter, compared to the consensus estimate of C$1.76 billion.

Several other research firms have also recently weighed in on FTT. Canaccord Genuity Group upped their price objective on shares of Finning International from C$44.00 to C$46.00 in a research report on Thursday, February 10th. Scotiabank upped their price objective on shares of Finning International from C$45.00 to C$46.00 in a research report on Friday, April 22nd. CIBC upped their price objective on shares of Finning International from C$47.00 to C$50.00 in a research report on Thursday, April 21st. Raymond James set a C$46.00 price objective on shares of Finning International and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their price objective on shares of Finning International from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Finning International currently has a consensus rating of “Buy” and an average price target of C$45.30.

Shares of Finning International stock opened at C$32.77 on Thursday. The firm has a 50-day moving average of C$37.22 and a 200-day moving average of C$35.57. The stock has a market cap of C$5.12 billion and a PE ratio of 14.56. Finning International has a 52-week low of C$29.71 and a 52-week high of C$40.22. The company has a debt-to-equity ratio of 77.38, a quick ratio of 0.82 and a current ratio of 1.68.

In other news, Senior Officer Anna Pia Marks sold 6,330 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of C$37.86, for a total value of C$239,639.24. Following the completion of the transaction, the insider now owns 28,816 shares of the company’s stock, valued at C$1,090,907.48. Also, Senior Officer David William Cummings sold 2,702 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of C$33.37, for a total value of C$90,165.74. Following the completion of the transaction, the insider now directly owns 97,607 shares of the company’s stock, valued at approximately C$3,257,145.59. In the last three months, insiders have sold 13,924 shares of company stock valued at $517,223.

Finning International Company Profile (Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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Earnings History and Estimates for Finning International (TSE:FTT)

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