Finning International (OTCMKTS:FINGF) Announces Quarterly Earnings Results

Finning International (OTCMKTS:FINGF) released its quarterly earnings data on Wednesday. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05, Zacks reports. Finning International had a return on equity of 19.18% and a net margin of 6.34%.

Finning International Stock Up 0.6%

Finning International stock traded up $0.45 during mid-day trading on Wednesday, reaching $71.71. 7,202 shares of the company were exchanged, compared to its average volume of 16,348. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 1.61. The firm has a market cap of $9.34 billion and a P/E ratio of 49.12. The business has a fifty day moving average of $71.42 and a 200 day moving average of $68.23. Finning International has a 12-month low of $39.35 and a 12-month high of $78.16.

Wall Street Analysts Forecast Growth

FINGF has been the subject of several research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a report on Monday, June 8th. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. Finally, TD Securities restated a “buy” rating on shares of Finning International in a report on Wednesday, June 10th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Finning International Company Profile

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.