What is Scotiabank’s Estimate for TSE:FTT FY2027 Earnings?

Finning International Inc. (TSE:FTT) – Investment analysts at Scotiabank cut their FY2027 EPS estimates for Finning International in a report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $5.26 for the year, down from their prior estimate of $5.41. Scotiabank currently has a “Sector Outperform” rating and a $118.00 target price 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 quarterly earnings results on Wednesday, August 5th. The company reported C$1.22 earnings per share (EPS) for the quarter. The firm had revenue of C$3.13 billion during the quarter. Finning International had a return on equity of 19.22% and a net margin of 4.93%.

Several other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce raised their price target on Finning International from C$100.00 to C$120.00 in a research note on Thursday, May 14th. TD upped their price objective on shares of Finning International from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. National Bank Financial increased their target price on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets increased their target price on shares of Finning International from C$118.00 to C$122.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada cut their target price on shares of Finning International from C$130.00 to C$129.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$116.78.

Finning International Price Performance

Shares of FTT stock opened at C$92.02 on Friday. Finning International has a twelve month low of C$55.82 and a twelve month high of C$109.58. The stock has a market capitalization of C$11.97 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.56 and a beta of 0.86. The stock has a fifty day simple moving average of C$98.68 and a two-hundred day simple moving average of C$95.38. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86.

Insiders Place Their Bets

In other Finning International news, insider Tim Arne Ferwerda sold 1,478 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 directly owned 16,016 shares in the company, valued at C$1,699,617.92. This trade represents a 8.45% decrease in their ownership of the stock. Insiders have sold 7,119 shares of company stock valued at $755,606 in the last three months. 0.10% of the stock is owned by company insiders.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.