Finning International Inc. (FTT) Scheduled to Post Quarterly Earnings on Tuesday
Finning International Inc. (TSE:FTT) is scheduled to announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of C$0.32 per share for the quarter.
Finning International Inc. (TSE FTT) traded up 0.783% during trading on Tuesday, reaching $31.555. The company’s stock had a trading volume of 231,080 shares. The company has a market capitalization of $5.30 billion and a PE ratio of 36.270. Finning International Inc. has a 52 week low of $23.54 and a 52 week high of $31.82. The company has a 50 day moving average price of $29.18 and a 200-day moving average price of $26.87.
A number of brokerages have commented on FTT. CIBC increased their target price on Finning International from C$29.00 to C$31.00 in a report on Tuesday, October 24th. Canaccord Genuity increased their target price on Finning International from C$33.00 to C$36.00 in a report on Wednesday, October 18th. TD Securities increased their target price on Finning International from C$29.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Scotiabank increased their target price on Finning International from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Finning International presently has an average rating of “Buy” and a consensus target price of C$32.00.
In related news, insider David William Cummings bought 9,500 shares of the stock in a transaction on Friday, September 29th. The shares were purchased at an average price of C$28.50 per share, for a total transaction of C$270,750.00. Also, insider Cristian Chavez sold 3,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$27.90, for a total value of C$83,700.00.
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Finning International Company Profile
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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