Finning International Inc. (TSE:FTT – Get Rating) – Equities researchers at Raymond James lowered their Q4 2022 earnings per share estimates for shares of Finning International in a research report issued on Tuesday, May 10th. Raymond James analyst B. Fast now forecasts that the company will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.69. Raymond James currently has a “Outperform” rating and a $46.00 price target on the stock.
Finning International (TSE:FTT – Get Rating) last released its earnings results on Tuesday, February 8th. The company reported C$0.65 EPS for the quarter, topping the consensus estimate of C$0.48 by C$0.17. The company had revenue of C$1.77 billion for the quarter, compared to analyst estimates of C$1.76 billion.
FTT opened at C$33.49 on Thursday. The business has a fifty day moving average price of C$37.40 and a 200 day moving average price of C$35.58. The stock has a market capitalization of C$5.28 billion and a price-to-earnings ratio of 14.88. Finning International has a 12 month low of C$29.71 and a 12 month high of C$40.22. The company has a debt-to-equity ratio of 77.38, a current ratio of 1.68 and a quick ratio of 0.82.
In other news, Senior Officer David Francis Neil Primrose sold 4,892 shares of the stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C$38.31, for a total transaction of C$187,418.39. Following the completion of the transaction, the insider now directly owns 31,612 shares of the company’s stock, valued at approximately C$1,211,093.65. Also, Senior Officer Anna Pia Marks sold 6,330 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of C$37.86, for a total value of C$239,639.24. Following the transaction, the insider now directly owns 28,816 shares of the company’s stock, valued at C$1,090,907.48.
Finning International Company Profile (Get Rating)
Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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