Finning International Inc. (FTT) to Issue Quarterly Dividend of $0.28 on June 6th

Finning International Inc. (TSE:FTT) announced a quarterly dividend on Monday, May 6th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be paid a dividend of 0.275 per share on Thursday, June 6th. This represents a $1.10 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, May 21st. This is a boost from Finning International’s previous quarterly dividend of $0.25.

Finning International Stock Up 1.5 %

Shares of Finning International stock traded up C$0.63 during trading on Wednesday, reaching C$42.86. 149,406 shares of the company traded hands, compared to its average volume of 363,416. The firm has a market capitalization of C$6.17 billion, a PE ratio of 11.92, a P/E/G ratio of 0.56 and a beta of 1.63. Finning International has a 1-year low of C$33.77 and a 1-year high of C$46.30. The company has a 50 day moving average price of C$39.63 and a 200-day moving average price of C$38.01. The company has a debt-to-equity ratio of 106.56, a current ratio of 1.41 and a quick ratio of 0.59.

Finning International (TSE:FTT) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The company had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.54 billion. As a group, equities research analysts expect that Finning International will post 3.9857007 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$36.00, for a total value of C$360,000.00. In other news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International 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. Also, Senior Officer Kevin Parkes purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of C$36.14 per share, with a total value of C$108,420.00. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. CIBC cut their price target on Finning International from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. TD Securities increased their target price on shares of Finning International from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Monday, February 12th. National Bankshares raised Finning International from a “sector perform” rating to an “outperform” rating and set a C$46.00 target price for the company in a research report on Thursday, February 8th. Scotiabank boosted their price target on shares of Finning International from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada dropped their price objective on Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$47.63.

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.