Scotiabank Has Strong Forecast for TSE:FTT FY2026 Earnings

Finning International Inc. (TSE:FTT) – Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Finning International in a report released on Wednesday, November 11th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $4.70 per share for the year, up from their previous estimate of $4.66. Scotiabank has a “Sector Outperform” rating and a $114.00 price objective on the stock. The consensus estimate for Finning International’s current full-year earnings is $4.24 per share. Scotiabank also issued estimates for Finning International’s FY2027 earnings at $5.18 EPS.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada dropped their price objective on Finning International from C$129.00 to C$124.00 and set an “outperform” rating on the stock in a report on Wednesday. National Bank Financial raised their target price on Finning International from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD reduced their target price on Finning International from C$124.00 to C$123.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus decreased their target price on shares of Finning International from C$126.00 to C$123.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Finning International from C$122.00 to C$120.00 in a research note on Thursday, October 29th. Nine analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$116.10.

Finning International Stock Down 2.0%

FTT opened at C$89.04 on Friday. The company has a debt-to-equity ratio of 89.02, a current ratio of 1.54 and a quick ratio of 0.59. Finning International has a 12 month low of C$70.89 and a 12 month high of C$115.60. The stock has a market capitalization of C$11.53 billion, a P/E ratio of 21.25, a P/E/G ratio of 0.56 and a beta of 0.23. The business has a 50 day simple moving average of C$99.24 and a 200-day simple moving average of C$95.97.

Finning International (TSE:FTT) last issued its earnings results on Tuesday, November 10th. The company reported C$1.20 earnings per share (EPS) for the quarter. The business had revenue of C$3.04 billion during the quarter. Finning International had a return on equity of 18.81% and a net margin of 4.85%.

About Finning International

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.