TSE:FAR FY2026 EPS Forecast Reduced by Clarus Securities

Foraco International SA (TSE:FAR) – Analysts at Clarus Securities dropped their FY2026 EPS estimates for shares of Foraco International in a report released on Thursday, August 6th. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.24 per share for the year, down from their prior estimate of $0.34. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International’s Q1 2027 earnings at $0.07 EPS and FY2027 earnings at $0.42 EPS.

Foraco International Price Performance

TSE FAR opened at C$2.89 on Tuesday. Foraco International has a 12 month low of C$1.81 and a 12 month high of C$3.54. The firm has a market capitalization of C$283.08 million, a PE ratio of 23.18 and a beta of 1.21. The company’s 50 day simple moving average is C$2.67 and its 200 day simple moving average is C$2.85. The company has a debt-to-equity ratio of 100.98, a current ratio of 1.20 and a quick ratio of 0.88.

Insider Buying and Selling at Foraco International

In other Foraco International news, Director Daniel Louis Simoncini sold 2,000,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$3.02, for a total value of C$6,040,000.00. Following the sale, the director directly owned 10,571,225 shares in the company, valued at approximately C$31,925,099.50. The trade was a 15.91% decrease in their ownership of the stock. Also, Director Jean-Pierre Maurice Charmensat sold 2,000,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$3.02, for a total transaction of C$6,040,000.00. Following the completion of the sale, the director directly owned 17,583,966 shares of the company’s stock, valued at C$53,103,577.32. The trade was a 10.21% decrease in their ownership of the stock. 35.74% of the stock is currently owned by company insiders.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.