Finning International (TSE:FTT) Releases Earnings Results

Finning International (TSE:FTT) issued its quarterly earnings results on Tuesday. The company reported C$1.02 EPS for the quarter, FiscalAI reports. Finning International had a return on equity of 19.69% and a net margin of 4.54%.The firm had revenue of C$2.77 billion during the quarter.

Finning International Trading Down 1.0%

TSE:FTT traded down C$0.88 on Tuesday, reaching C$89.62. The company’s stock had a trading volume of 227,795 shares, compared to its average volume of 410,784. Finning International has a 1-year low of C$34.59 and a 1-year high of C$90.84. The business’s 50-day moving average price is C$79.54 and its two-hundred day moving average price is C$70.16. The firm has a market cap of C$11.77 billion, a PE ratio of 17.68, a PEG ratio of 0.56 and a beta of 0.80. The company has a debt-to-equity ratio of 98.14, a quick ratio of 0.59 and a current ratio of 1.65.

Analysts Set New Price Targets

FTT has been the subject of several research analyst reports. National Bankshares upped their price objective on shares of Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. Scotiabank increased their price target on Finning International from C$71.00 to C$85.00 in a report on Thursday, November 13th. Canaccord Genuity Group raised their price objective on shares of Finning International from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets raised their target price on Finning International from C$76.00 to C$85.00 in a report on Thursday, November 13th. Finally, CIBC World Markets boosted their price target on Finning International from C$84.00 to C$102.00 in a research note on Saturday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Finning International currently has a consensus rating of “Moderate Buy” and an average target price of C$88.67.

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.