Scotiabank Has Bearish Forecast for TSE:FTT FY2025 Earnings

Finning International Inc. (TSE:FTT) – Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Finning International in a report issued on Wednesday, January 8th. Scotiabank analyst now forecasts that the company will post earnings of $3.91 per share for the year, down from their prior estimate of $4.16. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. CIBC boosted their target price on shares of Finning International from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada decreased their price target on Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Raymond James dropped their price objective on Finning International from C$52.00 to C$50.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group cut their target price on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$48.25.

Finning International Price Performance

Finning International stock opened at C$37.44 on Monday. The firm has a market cap of C$5.22 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.56 and a beta of 1.55. The stock’s 50 day moving average is C$38.34 and its 200 day moving average is C$39.63. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. Finning International has a one year low of C$34.28 and a one year high of C$45.17.

About Finning International

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.