Research Analysts Offer Predictions for Finning International Inc.’s Q4 2019 Earnings (FTT)

Finning International Inc. (TSE:FTT) – Analysts at National Bank Financial increased their Q4 2019 earnings per share estimates for Finning International in a report issued on Wednesday, May 8th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.55 per share for the quarter, up from their previous estimate of $0.54. National Bank Financial has a “Outperform” rating and a $28.00 price target on the stock. National Bank Financial also issued estimates for Finning International’s FY2020 earnings at $2.13 EPS.

Finning International (TSE:FTT) last released its earnings results on Thursday, February 21st. The company reported C$0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.49 by C($0.16). The company had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$1.94 billion.



Several other research firms have also commented on FTT. Canaccord Genuity dropped their target price on Finning International from C$33.00 to C$29.00 in a research note on Friday, February 22nd. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and upped their target price for the company from C$28.00 to C$29.00 in a research note on Thursday, May 9th. Royal Bank of Canada dropped their target price on Finning International from C$40.00 to C$35.00 in a research note on Thursday, February 7th. BMO Capital Markets lowered Finning International from an “outperform” rating to a “market perform” rating in a research note on Friday, February 22nd. Finally, Raymond James reiterated a “market perform” rating and issued a C$26.00 target price on shares of Finning International in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$31.00.

Finning International stock opened at C$22.61 on Monday. The firm has a market capitalization of $3.66 billion and a P/E ratio of 19.96. Finning International has a 52 week low of C$21.80 and a 52 week high of C$35.00. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 109.98.

In other news, Senior Officer Gregory Palaschuk purchased 2,240 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average price of C$22.81 per share, with a total value of C$51,094.62. Following the completion of the transaction, the insider now owns 15,065 shares in the company, valued at 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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