Finning International (FINGF) Expected to Release Quarterly Earnings on Tuesday

Finning International (OTCMKTS:FINGF) is expected to announce its results after the market closes on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.8780 per share and revenue of $2.09 billion for the quarter.

Finning International (OTCMKTS:FINGF) last posted its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Finning International had a net margin of 4.93% and a return on equity of 19.85%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.94 billion.

Finning International Stock Up 3.8%

OTCMKTS:FINGF traded up $2.54 during midday trading on Tuesday, hitting $68.59. 1,643 shares of the company were exchanged, compared to its average volume of 21,146. The company has a fifty day simple moving average of $70.37 and a 200 day simple moving average of $68.77. Finning International has a fifty-two week low of $49.95 and a fifty-two week high of $81.12. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $8.91 billion and a PE ratio of 29.31.

Analyst Ratings Changes

FINGF has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

About Finning International

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.