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

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

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

Finning International Trading Up 3.8%

FINGF traded up $2.54 during mid-day trading on Tuesday, hitting $68.59. 1,643 shares of the stock were exchanged, compared to its average volume of 21,146. The firm’s fifty day moving average is $70.37 and its two-hundred day moving average is $68.77. Finning International has a 1-year low of $49.95 and a 1-year 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 cap of $8.91 billion and a PE ratio of 29.31.

Analysts Set New Price Targets

Several analysts have recently issued reports on FINGF shares. Scotiabank reissued an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.

Finning International Company Profile

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.