Finning International (FTT) to Release Earnings on Monday

Finning International (TSE:FTT - Get Free Report) is scheduled 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 - Get Free Report) last released its quarterly 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. Finning International had a return on equity of 20.88% and a net margin of 4.97%. The business had revenue of C$2.40 billion during the quarter, compared to analysts' expectations of C$2.54 billion.

Finning International Price Performance

Shares of FTT traded up C$1.00 during mid-day trading on Monday, hitting C$43.92. 256,769 shares of the company traded hands, compared to its average volume of 356,682. The stock has a market capitalization of C$6.32 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.56 and a beta of 1.63. Finning International has a one year low of C$33.72 and a one year high of C$46.30. 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 business has a 50-day moving average of C$38.82 and a 200 day moving average of C$37.93.

Finning International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Wednesday, February 21st. Finning International's dividend payout ratio (DPR) is 28.25%.

Wall Street Analyst Weigh In

FTT has been the topic of several analyst reports. National Bankshares upgraded shares of Finning International from a "sector perform" rating to an "outperform" rating and set a C$46.00 target price on the stock in a report on Thursday, February 8th. BMO Capital Markets reduced their price objective on Finning International from C$48.00 to C$47.00 in a research report on Wednesday, February 7th. National Bank Financial upgraded shares of Finning International from a "sector perform market weight" rating to an "outperform market weight" rating in a research note on Wednesday, February 7th. Royal Bank of Canada dropped their price objective on 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. Finally, Scotiabank boosted their price target 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$47.63.

Insider Transactions at Finning International

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

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.