Finning International Inc. (FTT) Scheduled to Post Quarterly Earnings on Wednesday
Finning International Inc. (TSE:FTT) will announce its earnings results before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Finning International Inc. (TSE FTT) opened at 24.98 on Wednesday. The stock has a 50 day moving average price of $25.33 and a 200-day moving average price of $25.59. Finning International Inc. has a 12 month low of $20.97 and a 12 month high of $28.02. The stock has a market cap of $4.20 billion and a PE ratio of 43.82.
In other news, insider Gregory Palaschuk acquired 4,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of C$26.80 per share, for a total transaction of C$107,200.00.
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FTT has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a C$30.00 price target on shares of Finning International in a research report on Thursday, May 25th. TD Securities boosted their price target on Finning International from C$27.00 to C$29.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Scotiabank upped their price objective on Finning International from C$28.50 to C$30.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Canaccord Genuity upgraded Finning International from a “hold” rating to a “buy” rating and upped their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada upped their price objective on Finning International from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Finning International has a consensus rating of “Buy” and a consensus price target of C$29.38.
About Finning International
Finning International Inc engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, petroleum, and forestry, as well as various power system applications.
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