TSE:FTT FY2025 EPS Decreased by National Bank Financial

Key Points

• National Bank Financial lowered their FY2025 EPS forecast for Finning International from $4.05 to $3.97, maintaining a "Hold" rating on the stock.
• Multiple analysts adjusted their price targets for Finning International, with most providing ratings between "buy" and "outperform," and the consensus price target now at C$59.44.
• Insiders have actively sold shares recently, with significant transactions totaling over C$926,000 in the past 90 days.

Finning International Inc. (TSE:FTT - Free Report) - Equities researchers at National Bank Financial dropped their FY2025 earnings estimates for shares of Finning International in a note issued to investors on Wednesday, August 6th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $3.97 for the year, down from their previous estimate of $4.05. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Finning International's current full-year earnings is $4.24 per share.

Several other analysts have also recently commented on FTT. Raymond James Financial raised their target price on shares of Finning International from C$56.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Canaccord Genuity Group raised their target price on shares of Finning International from C$55.00 to C$60.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. TD Securities raised their target price on shares of Finning International from C$50.00 to C$57.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of Finning International from C$57.00 to C$66.00 in a research note on Tuesday, July 22nd. Finally, National Bankshares raised their price objective on shares of Finning International from C$48.00 to C$53.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$59.44.

Finning International Stock Performance

Shares of FTT stock traded down C$1.79 during mid-day trading on Monday, hitting C$57.51. The stock had a trading volume of 97,149 shares, compared to its average volume of 497,355. Finning International has a fifty-two week low of C$34.59 and a fifty-two week high of C$62.78. The firm has a market cap of C$7.90 billion, a PE ratio of 16.09, a PEG ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company's 50-day simple moving average is C$58.26 and its 200-day simple moving average is C$47.59.

Insider Transactions at Finning International

In other news, Senior Officer Kieran Colquhoun Holm sold 1,413 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$50.98, for a total transaction of C$72,034.46. Also, Senior Officer Gregory Palaschuk sold 4,070 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$54.80, for a total transaction of C$223,036.00. Over the last three months, insiders have sold 12,257 shares of company stock valued at $652,460. Corporate insiders own 0.10% of the company's stock.

About Finning International

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.