Finning International (OTCMKTS:FINGF) Posts Quarterly Earnings Results

Finning International (OTCMKTS:FINGF) announced its quarterly earnings data on Tuesday. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05), Zacks reports. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion.

Finning International Stock Down 3.5%

OTCMKTS:FINGF opened at $64.18 on Thursday. The company has a 50-day moving average price of $58.12 and a 200-day moving average price of $50.80. Finning International has a 12 month low of $25.19 and a 12 month high of $66.52.

Finning International Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on FINGF. Scotiabank reissued an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Finning International

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.