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.
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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