Finning International (FINGF) to Release Earnings on Wednesday

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

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

Finning International Price Performance

Shares of Finning International stock opened at $68.43 on Wednesday. Finning International has a 52-week low of $39.35 and a 52-week high of $78.16. The stock has a market capitalization of $8.93 billion and a price-to-earnings ratio of 46.87. The company has a fifty day moving average of $71.91 and a 200-day moving average of $67.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 1.61.

Analyst Ratings Changes

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