Finning International (OTCMKTS:FINGF) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Finning International (OTCMKTS:FINGF) released its quarterly earnings results on Wednesday. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05, Zacks reports. Finning International had a return on equity of 19.18% and a net margin of 6.34%.

Finning International Trading Up 0.6%

FINGF stock traded up $0.45 during trading on Wednesday, hitting $71.71. The company had a trading volume of 7,202 shares, compared to its average volume of 16,348. The firm has a market capitalization of $9.34 billion and a P/E ratio of 49.12. Finning International has a 52-week low of $39.35 and a 52-week high of $78.16. The company has a 50 day simple moving average of $71.42 and a 200-day simple moving average of $68.23. The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

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