Finning International (OTCMKTS:FINGF) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Finning International (OTCMKTS:FINGF) issued its quarterly earnings data on Tuesday. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. Finning International had a net margin of 6.03% and a return on equity of 18.01%.

Finning International Stock Down 0.4%

Shares of FINGF traded down $0.29 during midday trading on Tuesday, hitting $70.65. The company had a trading volume of 918 shares, compared to its average volume of 6,726. The company’s 50 day moving average price is $66.59 and its 200 day moving average price is $60.46. The stock has a market cap of $9.22 billion and a price-to-earnings ratio of 98.13. Finning International has a 52 week low of $31.88 and a 52 week high of $74.65. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities reiterated a “buy” rating on shares of Finning International in a report on Tuesday, February 17th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Finning International presently has an average rating of “Moderate 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.