Scotiabank Has Bullish Forecast for TSE:FTT FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Finning International to C$4.64 from C$4.53, well above the C$4.24 consensus estimate, while maintaining a “Sector Outperform” rating and C$118 price target.
• Analyst sentiment remains positive: nine analysts rate the stock a Buy, with an average target price of C$116.78. Several major banks recently raised or maintained bullish price targets.
• Finning reported quarterly EPS of C$1.22 on C$3.13 billion in revenue, with a 4.93% net margin and 19.22% return on equity; however, insiders have sold 7,119 shares worth approximately C$755,606 over the last quarter.

Finning International Inc. (TSE:FTT - Free Report) - Scotiabank increased their FY2026 EPS estimates for shares of Finning International in a report released on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $4.64 for the year, up from their previous forecast of $4.53. Scotiabank has a "Sector Outperform" rating and a $118.00 price target on the stock. The consensus estimate for Finning International's current full-year earnings is $4.24 per share.

FTT has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on Finning International from C$130.00 to C$129.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their price objective on Finning International from C$100.00 to C$120.00 in a research report on Thursday, May 14th. National Bank Financial boosted their price objective on Finning International from C$115.00 to C$118.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. BMO Capital Markets increased their target price on Finning International from C$118.00 to C$122.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, TD increased their target price on Finning International from C$115.00 to C$120.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$116.78.

Finning International Stock Performance

TSE:FTT opened at C$91.61 on Monday. The stock has a market capitalization of C$11.92 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 0.56 and a beta of 0.86. The company has a current ratio of 1.47, a quick ratio of 0.59 and a debt-to-equity ratio of 86.86. Finning International has a 1 year low of C$55.82 and a 1 year high of C$109.58. The firm has a 50 day moving average of C$98.59 and a 200-day moving average of C$95.41.

Finning International (TSE:FTT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.22 earnings per share for the quarter. The firm had revenue of C$3.13 billion for the quarter. Finning International had a net margin of 4.93% and a return on equity of 19.22%.

Insider Activity

In other news, insider Tim Arne Ferwerda sold 1,478 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the sale, the insider directly owned 16,016 shares of the company's stock, valued at C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock. Insiders have sold 7,119 shares of company stock worth $755,606 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

About Finning International

Finning is the world's largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers' toughest challenges.

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