Scotiabank Has Negative Estimate for TSE:FTT FY2026 Earnings

Key Points

• Scotiabank trimmed its FY2026 EPS estimate for Finning (TSE:FTT) to $4.47 from $4.55 while maintaining a Sector Outperform rating and a $109 target, and it forecasts FY2027 EPS of $5.18 (consensus FY2026 EPS: $4.24).
• Multiple brokers (Canaccord, RBC, TD, CIBC, TD Securities) have raised price targets into the C$100–C$106 range and most rate the stock a Buy; MarketBeat's consensus is a Moderate Buy with an average target of C$96.33.
• Finning shares trade around C$99.40—near the 1‑year high of C$101.89—with a market cap of about C$13 billion and a PE ratio of 20.12.

Finning International Inc. (TSE:FTT - Free Report) - Research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Finning International in a report issued on Friday, May 1st. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $4.47 for the year, down from their previous forecast of $4.55. Scotiabank currently has a "Sector Outperform" rating and a $109.00 target price on the stock. The consensus estimate for Finning International's current full-year earnings is $4.24 per share. Scotiabank also issued estimates for Finning International's FY2027 earnings at $5.18 EPS.

Several other equities research analysts have also weighed in on FTT. Canaccord Genuity Group lifted their price objective on Finning International from C$90.00 to C$100.00 and gave the stock a "buy" rating in a report on Monday, February 9th. Royal Bank Of Canada lifted their price objective on Finning International from C$89.00 to C$104.00 in a report on Thursday, February 12th. TD lifted their price objective on Finning International from C$104.00 to C$106.00 and gave the stock a "buy" rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce lifted their price objective on Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Finally, TD Securities lifted their price objective on Finning International from C$100.00 to C$104.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$96.33.

Finning International Trading Down 0.1%

Shares of Finning International stock opened at C$99.40 on Monday. Finning International has a 1 year low of C$38.84 and a 1 year high of C$101.89. The firm has a market cap of C$13.00 billion, a PE ratio of 20.12, a P/E/G ratio of 0.56 and a beta of 0.69. The stock has a fifty day moving average price of C$90.77 and a 200-day moving average price of C$82.47. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.67 and a quick ratio of 0.59.

Finning International (TSE:FTT - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.The firm had revenue of C$2.77 billion during the quarter.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.

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