Finning International (OTCMKTS:FINGF) Releases Earnings Results, Misses Expectations By $0.05 EPS

Finning International (OTCMKTS:FINGF) announced its quarterly earnings results on Tuesday. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05), Zacks reports. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion.

Finning International Stock Down 3.5%

Shares of FINGF traded down $2.34 during trading hours on Wednesday, reaching $64.18. 600 shares of the company traded hands, compared to its average volume of 9,904. The stock has a fifty day simple moving average of $57.91 and a 200 day simple moving average of $50.70. Finning International has a fifty-two week low of $25.19 and a fifty-two week high of $66.52.

Finning International Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 27th were given a $0.2161 dividend. This represents a dividend yield of 165.0%. The ex-dividend date was Wednesday, November 26th.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FINGF shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Finning International in a research report on Monday, October 20th. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate 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.