Finning International Inc. (TSE:FTT) – Equities research analysts at Raymond James issued their Q2 2019 earnings per share (EPS) estimates for Finning International in a research note issued on Wednesday, May 8th. Raymond James analyst B. Cherniavsky anticipates that the company will post earnings of $0.42 per share for the quarter. Raymond James currently has a “Market Perform” rating and a $27.00 target price on the stock. Raymond James also issued estimates for Finning International’s Q3 2019 earnings at $0.51 EPS.
Several other equities research analysts have also recently weighed in on the company. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and upped their price target for the company from C$28.00 to C$29.00 in a research report on Thursday, May 9th. Canaccord Genuity decreased their price target on Finning International from C$29.00 to C$27.00 in a research report on Thursday, May 9th. Royal Bank of Canada decreased their price target on Finning International from C$35.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Friday, February 22nd. BMO Capital Markets cut Finning International from an “outperform” rating to a “market perform” rating in a research report on Friday, February 22nd. Finally, National Bank Financial decreased their price target on Finning International from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$31.00.
Finning International (TSE:FTT) last announced its quarterly earnings data on Thursday, February 21st. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.49 by C($0.16). The company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.94 billion.
In related news, Senior Officer Gregory Palaschuk purchased 2,240 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of C$22.81 per share, for a total transaction of C$51,094.62. Following the completion of the transaction, the insider now directly owns 15,065 shares in the company, valued at approximately C$343,634.16.
Finning International Company Profile
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications.
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