Finning International (OTCMKTS:FINGF) Issues Earnings Results

Finning International (OTCMKTS:FINGF) released its quarterly earnings results on Tuesday. The company reported $0.86 EPS 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

Shares of Finning International stock traded down $6.59 on Tuesday, reaching $61.27. The company’s stock had a trading volume of 2,656 shares, compared to its average volume of 21,303. The company has a market capitalization of $7.94 billion and a P/E ratio of 26.18. Finning International has a 52-week low of $49.95 and a 52-week high of $81.12. The stock has a 50-day moving average price of $70.48 and a 200-day moving average price of $68.96. The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

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

Finning International Company Profile

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.