TSE:FAR Stock Gets Lower EPS Estimate from Clarus Securities

Key Points

• Clarus Securities cut its FY2026 EPS forecast for Foraco International to C$0.18 from C$0.24, well below the broader consensus estimate of C$0.60. The firm expects Q4 2026 EPS of C$0.04.
• Foraco shares opened at C$2.22 after declining 8.3%, trading below their 50-day and 200-day moving averages. The stock has ranged between C$1.90 and C$3.54 over the past year.
• Director Daniel Louis Simoncini sold 2 million shares for approximately C$6.04 million, reducing his stake by 18.92%. Insiders still own 35.74% of the company.

Foraco International SA (TSE:FAR - Free Report) - Clarus Securities lowered their FY2026 earnings per share estimates for shares of Foraco International in a research report issued on Friday, October 30th. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.18 per share for the year, down from their prior estimate of $0.24. 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 Q4 2026 earnings at $0.04 EPS.

Foraco International Trading Down 8.3%

Shares of Foraco International stock opened at C$2.22 on Monday. The firm's 50-day moving average price is C$2.65 and its two-hundred day moving average price is C$2.79. Foraco International has a 12-month low of C$1.90 and a 12-month high of C$3.54. The company has a market capitalization of C$217.23 million, a price-to-earnings ratio of 18.05 and a beta of 1.56. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 99.68.

Insider Transactions at Foraco International

In other news, Director Daniel Louis Simoncini sold 2,000,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$3.02, for a total value of C$6,040,000.00. Following the sale, the director directly owned 8,571,225 shares in the company, valued at C$25,885,099.50. The trade was a 18.92% decrease in their position. Insiders own 35.74% of the company's stock.

About Foraco International

Foraco International SA TSX: FAR is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 16 countries across five continents.

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