Finning International (FTT) Scheduled to Post Quarterly Earnings on Monday

Finning International (TSE:FTT) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of C$0.87 per share for the quarter.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The firm had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.54 billion.

Finning International Trading Down 1.0 %

FTT opened at C$40.38 on Friday. Finning International has a fifty-two week low of C$33.72 and a fifty-two week high of C$46.30. The firm has a market capitalization of C$5.82 billion, a PE ratio of 11.52, a P/E/G ratio of 0.56 and a beta of 1.63. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59. The company’s 50-day moving average is C$39.24 and its 200 day moving average is C$37.99.

Finning International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 21st. Finning International’s dividend payout ratio is currently 28.25%.

Insider Activity at Finning International

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. In other news, Senior Officer Kevin Parkes acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of C$36.14 per share, with a total value of C$108,420.00. Also, Senior Officer David Francis Neil Primrose sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$360,000.00. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FTT shares. Royal Bank of Canada cut their target price on Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. National Bank Financial raised shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. BMO Capital Markets lowered their target price on shares of Finning International from C$48.00 to C$47.00 in a report on Wednesday, February 7th. Scotiabank boosted their price target on shares of Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, National Bankshares upgraded shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price objective for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Finning International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.63.

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.