Finning International (OTCMKTS:FINGF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Finning International (OTCMKTS:FINGF) announced its quarterly earnings data on Tuesday. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. Finning International had a net margin of 6.03% and a return on equity of 18.01%.

Finning International Price Performance

Shares of OTCMKTS:FINGF traded down $0.29 during trading on Tuesday, reaching $70.65. The company had a trading volume of 918 shares, compared to its average volume of 6,726. The firm’s fifty day moving average is $66.59 and its 200 day moving average is $60.46. The firm has a market capitalization of $9.22 billion and a PE ratio of 98.13. Finning International has a twelve month low of $31.88 and a twelve month high of $74.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.67.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FINGF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Finally, Scotiabank restated an “outperform” rating on shares of Finning International in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.