Finning International Inc. (TSE:FTT – Get Rating) – Analysts at National Bank Financial raised their FY2022 earnings estimates for Finning International in a research report issued to clients and investors on Wednesday, August 3rd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $2.86 for the year, up from their prior forecast of $2.51. The consensus estimate for Finning International's current full-year earnings is $2.83 per share.

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

Finning International Stock Performance

TSE FTT opened at C$28.02 on Monday. The firm's fifty day moving average price is C$28.61 and its two-hundred day moving average price is C$33.70. The stock has a market cap of C$4.31 billion and a PE ratio of 12.13. Finning International has a fifty-two week low of C$23.89 and a fifty-two week high of C$40.22. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.47.

Insider Transactions at Finning International

In other Finning International news, Director Harold N. Kvisle bought 5,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was bought at an average cost of C$26.92 per share, with a total value of C$134,600.00. Following the completion of the transaction, the director now directly owns 45,000 shares in the company, valued at approximately C$1,211,400. In other news, Director Harold N. Kvisle acquired 5,000 shares of Finning International stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of C$26.92 per share, with a total value of C$134,600.00. Following the transaction, the director now owns 45,000 shares of the company's stock, valued at approximately C$1,211,400. Also, Senior Officer David William Cummings sold 2,702 shares of the company's stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of C$33.37, for a total transaction of C$90,165.74. Following the completion of the sale, the insider now directly owns 97,607 shares of the company's stock, valued at C$3,257,145.59. Insiders acquired a total of 8,800 shares of company stock valued at $254,134 over the last three months.

Finning International Company Profile

(Get Rating)

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.

Read More

• Electric Vehicles Can Drive Alcoa Stock Higher
• Can Airbnb Still Thrive in a Recession?
• What to Expect from the Markets in a Recession
• ConocoPhillips Shares Advance On Strong Q2 Revenue
• MarketBeat: Week in Review 8/1 – 8/5

Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.