Finning International Inc. (TSE:FTT – Get Rating) – Investment analysts at National Bank Financial dropped their FY2022 EPS estimates for shares of Finning International in a report released on Wednesday, September 14th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $2.81 per share for the year, down from their prior estimate of $2.86. The consensus estimate for Finning International's current full-year earnings is $2.85 per share.

A number of other equities analysts also recently issued reports on FTT. National Bankshares lifted their price objective on shares of Finning International from C$41.00 to C$46.00 in a report on Wednesday, July 13th. BMO Capital Markets lifted their price objective on shares of Finning International from C$32.00 to C$33.00 in a report on Thursday, August 4th. CIBC cut their price objective on shares of Finning International from C$50.00 to C$35.00 in a report on Wednesday, July 13th. Scotiabank lifted their price objective on shares of Finning International from C$38.00 to C$39.00 in a report on Thursday, August 4th. Finally, Royal Bank of Canada cut their price objective on shares of Finning International from C$47.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, August 4th.

Finning International Stock Performance

Finning International (TSE:FTT – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported C$0.80 EPS for the quarter, beating analysts' consensus estimates of C$0.64 by C$0.16. The business had revenue of C$2 billion for the quarter, compared to the consensus estimate of C$1.89 billion.

Insider Buying and Selling

In related news, Director Harold N. Kvisle purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average cost of C$26.92 per share, with a total value of C$134,600.00. Following the acquisition, the director now owns 45,000 shares of the company's stock, valued at C$1,211,400.

Finning International Company Profile

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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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