Finning International (FINGF) Expected to Post Quarterly Earnings on Wednesday

Finning International (OTCMKTS:FINGF) is expected to be releasing its resultson Wednesday, August 5th. Analysts expect the company to post earnings of $0.8320 per share and revenue of $1.9440 billion for the quarter.

Finning International (OTCMKTS:FINGF) last posted its earnings results on Tuesday, May 12th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Finning International had a return on equity of 19.18% and a net margin of 6.34%.The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion.

Finning International Trading Up 0.1%

OTCMKTS FINGF opened at $68.43 on Wednesday. Finning International has a twelve month low of $39.35 and a twelve month high of $78.16. The firm has a market capitalization of $8.93 billion and a PE ratio of 46.87. The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $71.91 and its 200 day moving average is $67.86.

Wall Street Analyst Weigh In

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