Scotiabank Has Negative Outlook for TSE:FTT FY2026 Earnings

Finning International Inc. (TSE:FTT) – Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Finning International in a report released on Thursday, February 19th. Scotiabank analyst J. Goldman now anticipates that the company will earn $4.55 per share for the year, down from their prior estimate of $4.57. Scotiabank has a “Outperform” rating and a $105.00 price target on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share.

FTT has been the topic of several other research reports. Canadian Imperial Bank of Commerce upped their price objective on shares of Finning International from C$84.00 to C$102.00 in a report on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of Finning International from C$89.00 to C$104.00 in a research report on Thursday, February 12th. Raymond James Financial raised their price target on shares of Finning International from C$68.00 to C$85.00 in a research report on Thursday, November 13th. National Bank Financial lifted their price target on Finning International from C$66.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, December 15th. Finally, Canaccord Genuity Group boosted 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. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$94.63.

Finning International Price Performance

Shares of FTT opened at C$91.31 on Monday. The business’s fifty day moving average is C$82.07 and its 200 day moving average is C$71.97. Finning International has a 12-month low of C$34.59 and a 12-month high of C$91.95. The company has a quick ratio of 0.59, a current ratio of 1.65 and a debt-to-equity ratio of 98.14. The stock has a market cap of C$11.95 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.56 and a beta of 0.80.

Finning International (TSE:FTT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$2.77 billion during the quarter. Finning International had a return on equity of 19.69% and a net margin of 4.54%.

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.