Analysts Offer Predictions for Finning International Inc.’s Q2 2018 Earnings (FTT)

Finning International Inc. (TSE:FTT) – Investment analysts at National Bank Financial issued their Q2 2018 earnings per share estimates for Finning International in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Sytchev forecasts that the company will post earnings of $0.48 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $39.00 price objective on the stock. National Bank Financial also issued estimates for Finning International’s Q4 2018 earnings at $0.53 EPS.

FTT has been the subject of several other research reports. CIBC increased their target price on Finning International from C$38.00 to C$40.00 in a research report on Wednesday. TD Securities raised their price objective on Finning International from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a C$39.00 price objective on Finning International and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity raised their price objective on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. Finally, Raymond James Financial lowered Finning International from an “outperform” rating to a “market perform” rating and set a C$36.25 price objective for the company. in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$38.41.

Shares of Finning International (TSE:FTT) traded down C$0.10 during trading hours on Friday, hitting C$33.35. The stock had a trading volume of 63,359 shares, compared to its average volume of 388,379. Finning International has a 12-month low of C$23.76 and a 12-month high of C$36.48. The company has a market cap of $5,750.00, a price-to-earnings ratio of 25.53 and a beta of 1.04.

Finning International (TSE:FTT) last announced its earnings results on Tuesday, November 7th. The company reported C$0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.03. Finning International had a return on equity of 10.80% and a net margin of 3.36%.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is presently 56.87%.

In other Finning International news, insider Juan Carlos Villegas sold 70,632 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. In the last ninety days, insiders have sold 72,008 shares of company stock valued at $2,468,927.

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About Finning International

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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