Finning International (FTT) Scheduled to Post Earnings on Monday

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

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

Finning International Stock Down 1.0 %

Shares of TSE FTT opened at C$40.38 on Friday. Finning International has a 52-week low of C$33.72 and a 52-week high of C$46.30. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. The stock has a market cap of C$5.82 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.56 and a beta of 1.63. The firm has a 50 day moving average price of C$39.24 and a 200 day moving average price of C$37.99.

Finning International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FTT shares. National Bankshares raised shares of Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 price target on the stock in a research note on Thursday, February 8th. CIBC lowered their target price on Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. BMO Capital Markets cut their price target on Finning International from C$48.00 to C$47.00 in a report on Wednesday, February 7th. Scotiabank increased their price objective on 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, Royal Bank of Canada dropped 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$47.63.

Insider Activity

In other Finning International 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 bought 3,000 shares of the company’s stock in a transaction dated 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. Insiders own 0.12% of the company’s stock.

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.