Finning International (FTT) to Post Earnings on Monday

Finning International (TSE:FTT) is set to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of C$0.87 per share for the quarter.

Finning International (TSE:FTT) last announced its earnings results on Tuesday, February 6th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. The company had revenue of C$2.40 billion for the quarter, compared to analyst estimates of C$2.54 billion. Finning International had a return on equity of 20.88% and a net margin of 4.97%.

Finning International Stock Performance

Finning International stock opened at C$40.38 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 106.56. The stock has a 50 day moving average of C$39.35 and a 200-day moving average of C$37.98. The stock has a market cap of C$5.82 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. Finning International has a 52 week low of C$33.72 and a 52 week high of C$46.30.

Finning International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. Finning International’s dividend payout ratio (DPR) is 28.25%.

Insider Activity at Finning International

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTT. Royal Bank of Canada cut their target price on shares of Finning International from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. Scotiabank lifted their target price on Finning International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. CIBC dropped their price target on Finning International from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Finally, BMO Capital Markets lowered their target price on shares of Finning International from C$48.00 to C$47.00 in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.