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

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

Finning International Price Performance

FINGF stock traded up $0.45 during midday trading on Wednesday, reaching $71.71. The company had a trading volume of 7,202 shares, compared to its average volume of 33,657. Finning International has a 1-year low of $39.35 and a 1-year high of $78.16. The stock has a 50 day moving average price of $71.34 and a 200-day moving average price of $68.31. 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 Upgrades and Downgrades

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