Finning International (OTCMKTS:FINGF) Issues Earnings Results

Finning International (OTCMKTS:FINGF) posted its quarterly earnings data on Tuesday. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02), Zacks reports. Finning International had a return on equity of 19.65% and a net margin of 4.85%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.09 billion.

Finning International Stock Up 1.6%

Shares of FINGF opened at $63.73 on Thursday. Finning International has a 12 month low of $49.95 and a 12 month high of $81.12. The firm’s 50 day moving average is $70.48 and its 200-day moving average is $68.97. The stock has a market capitalization of $8.26 billion and a PE ratio of 19.60. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, Finning International currently has an average rating of “Buy”.

Finning International Company Profile

Finning International is a dealer of Caterpillar equipment and related products and services. Its business includes selling and renting heavy equipment, providing parts and maintenance, and supporting customers with engines, power systems, and other equipment solutions. Founded in 1933 in British Columbia, Finning has grown into a major Caterpillar dealer. It serves customers in Western Canada, the United Kingdom and Ireland, and South America, including Chile, Argentina, and Bolivia.