TSE:FAR FY2026 EPS Forecast Reduced by Clarus Securities

Foraco International SA (TSE:FAR) – Equities research analysts at Clarus Securities decreased their FY2026 earnings estimates for Foraco International in a research report issued on Thursday, August 6th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings of $0.24 per share for the year, down from their prior forecast of $0.34. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International’s Q1 2027 earnings at $0.07 EPS and FY2027 earnings at $0.42 EPS.

Foraco International Trading Up 2.5%

Foraco International stock opened at C$2.89 on Tuesday. The company has a 50 day moving average price of C$2.67 and a 200 day moving average price of C$2.85. Foraco International has a 52 week low of C$1.81 and a 52 week high of C$3.54. The company has a debt-to-equity ratio of 100.98, a quick ratio of 0.88 and a current ratio of 1.20. The firm has a market capitalization of C$283.08 million, a price-to-earnings ratio of 23.18 and a beta of 1.21.

Insiders Place Their Bets

In other news, Director Jean-Pierre Maurice Charmensat sold 2,000,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$3.02, for a total value of C$6,040,000.00. Following the completion of the sale, the director owned 17,583,966 shares in the company, valued at C$53,103,577.32. This represents a 10.21% decrease in their ownership of the stock. Also, Director Daniel Louis Simoncini sold 2,000,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$3.02, for a total value of C$6,040,000.00. Following the completion of the sale, the director directly owned 10,571,225 shares of the company’s stock, valued at approximately C$31,925,099.50. This trade represents a 15.91% decrease in their position. 35.74% of the stock is owned by corporate insiders.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.