Finning International (OTCMKTS:FINGF) Releases Quarterly Earnings Results

Finning International (OTCMKTS:FINGF) released its quarterly earnings results on Tuesday. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02), Zacks reports. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

Finning International Price Performance

FINGF traded down $6.59 during trading on Tuesday, reaching $61.27. The stock had a trading volume of 2,656 shares, compared to its average volume of 21,303. The business has a 50-day moving average of $70.48 and a 200-day moving average of $68.96. Finning International has a one year low of $49.95 and a one year high of $81.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.47. The stock has a market cap of $7.94 billion and a PE ratio of 26.18.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy”.

About Finning International

Finning International is a dealer of Caterpillar equipment and related products and services. Its business includes selling and renting heavy equipment, providing parts and maintenance, and supporting customers with engines, power systems, and other equipment solutions. Founded in 1933 in British Columbia, Finning has grown into a major Caterpillar dealer. It serves customers in Western Canada, the United Kingdom and Ireland, and South America, including Chile, Argentina, and Bolivia.