Finning International (OTCMKTS:FINGF) Issues Quarterly Earnings Results

Finning International (OTCMKTS:FINGF) announced its quarterly earnings results on Tuesday. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01, Zacks reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Finning International had a return on equity of 19.44% and a net margin of 6.34%.

Finning International Price Performance

Shares of Finning International stock traded down $0.02 on Thursday, reaching $76.77. The company’s stock had a trading volume of 500 shares, compared to its average volume of 6,611. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.02 billion and a P/E ratio of 106.63. The stock has a 50-day moving average price of $66.76 and a 200-day moving average price of $60.78. Finning International has a 52-week low of $35.52 and a 52-week high of $77.16.

Wall Street Analysts Forecast Growth

FINGF has been the topic of a number of recent research reports. TD Securities restated a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Finning International has a consensus rating of “Moderate Buy”.

About Finning International

Finning International Inc operates as the world’s largest dealer of Caterpillar machinery, engines and power systems, providing a comprehensive range of sales, rental, parts and service solutions. The company’s core offerings encompass medium- and heavy-duty equipment for industries such as mining, construction, energy, forestry and transportation, along with bespoke power generation packages and digital monitoring tools. Through maintenance contracts and cost-per-hour service agreements, Finning helps customers optimize equipment uptime and total lifecycle costs.

Founded in Vancouver, British Columbia, in 1933, Finning has grown from a single dealership to a global enterprise headquartered in Vancouver’s downtown business district.