Finning International (OTCMKTS:FINGF) Issues Earnings Results, Beats Estimates By $0.05 EPS

Finning International (OTCMKTS:FINGF) issued its quarterly earnings data on Wednesday. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05, Zacks reports. Finning International had a return on equity of 20.17% and a net margin of 4.93%.The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $1.94 billion.

Finning International Price Performance

Shares of FINGF traded up $0.69 during mid-day trading on Friday, hitting $68.86. The company’s stock had a trading volume of 900 shares, compared to its average volume of 16,430. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.70. The firm has a 50-day moving average price of $71.17 and a 200 day moving average price of $68.37. Finning International has a fifty-two week low of $40.46 and a fifty-two week high of $78.16. The stock has a market capitalization of $8.97 billion and a price-to-earnings ratio of 47.16.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Securities restated a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Scotiabank reissued an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.