Scotiabank Cuts Earnings Estimates for Finning International

Finning International Inc. (TSE:FTT) – Research analysts at Scotiabank cut their FY2026 earnings estimates for Finning International in a note issued to investors on Tuesday, July 7th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $4.53 for the year, down from their previous estimate of $4.59. Scotiabank has a “Sector Outperform” rating and a $118.00 price target on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share. Scotiabank also issued estimates for Finning International’s FY2027 earnings at $5.41 EPS.

Finning International (TSE:FTT) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$1.02 EPS for the quarter. Finning International had a net margin of 6.34% and a return on equity of 24.23%. The business had revenue of C$2.50 billion for the quarter.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets boosted their target price on Finning International from C$96.00 to C$115.00 in a research report on Thursday, May 14th. TD raised their price target on Finning International from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Canadian Imperial Bank of Commerce lifted their price objective on Finning International from C$100.00 to C$120.00 in a research note on Thursday, May 14th. Raymond James Financial upped their price objective on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada increased their target price on Finning International from C$104.00 to C$130.00 in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$115.78.

Finning International Trading Up 0.9%

Shares of Finning International stock opened at C$99.31 on Thursday. The firm has a market cap of C$12.97 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 0.56 and a beta of 0.88. The business has a 50-day moving average price of C$99.87 and a 200-day moving average price of C$91.25. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. Finning International has a twelve month low of C$54.00 and a twelve month high of C$109.08.

Insider Transactions at Finning International

In related news, insider Gary Samuel Megarrell sold 300 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$103.00, for a total transaction of C$30,900.00. Following the sale, the insider owned 2,511 shares in the company, valued at approximately C$258,633. This represents a 10.67% decrease in their position. Also, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$106.12, for a total value of C$156,845.36. Following the completion of the sale, the insider owned 16,016 shares of the company’s stock, valued at approximately C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock. Over the last 90 days, insiders sold 7,813 shares of company stock worth $827,102. Insiders own 0.10% of the company’s stock.

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.