What is Scotiabank’s Forecast for TSE:FTT FY2024 Earnings?

Finning International Inc. (TSE:FTT) – Research analysts at Scotiabank reduced their FY2024 earnings per share estimates for shares of Finning International in a report released on Wednesday, January 8th. Scotiabank analyst now anticipates that the company will post earnings per share of $3.66 for the year, down from their prior forecast of $3.91. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Several other equities research analysts have also commented on FTT. BMO Capital Markets reduced their price target on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Canaccord Genuity Group decreased their price target on shares of Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. CIBC lifted their price target on shares of Finning International from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Raymond James reduced their price objective on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lowered their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Finning International has a consensus rating of “Buy” and a consensus target price of C$48.25.

Finning International Stock Up 1.6 %

FTT stock opened at C$37.72 on Friday. The company has a market cap of C$5.26 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.59 and a current ratio of 1.55. The business’s 50-day moving average is C$38.48 and its two-hundred day moving average is C$39.66. Finning International has a fifty-two week low of C$34.28 and a fifty-two week high of C$45.17.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.