Scotiabank Has Bearish Forecast for TSE:FTT FY2026 Earnings

Finning International Inc. (TSE:FTT) – Investment analysts at Scotiabank cut their FY2026 earnings estimates for Finning International in a report issued on Thursday, February 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $4.55 per share for the year, down from their previous forecast of $4.57. Scotiabank currently has a “Outperform” rating and a $105.00 price target on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

Finning International (TSE:FTT) last announced its earnings results on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%.The firm had revenue of C$2.77 billion for the quarter.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Raymond James Financial upped their price objective on shares of Finning International from C$68.00 to C$85.00 in a research note on Thursday, November 13th. TD Securities increased their price objective on shares of Finning International from C$100.00 to C$104.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets lifted their target price on shares of Finning International from C$76.00 to C$85.00 in a research note on Thursday, November 13th. Finally, National Bank Financial upped their price target on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Finning International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$94.63.

Finning International Price Performance

Shares of FTT opened at C$91.31 on Monday. The business has a 50-day moving average of C$82.07 and a 200-day moving average of C$71.97. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company has a market capitalization of C$11.95 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. Finning International has a 1 year low of C$34.59 and a 1 year high of C$91.95.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.