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

Finning International (OTCMKTS:FINGF) announced its quarterly earnings results on Tuesday. The company reported $0.74 EPS for the quarter, beating 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 Trading Down 0.4%

Shares of Finning International stock traded down $0.29 on Tuesday, hitting $70.65. 918 shares of the company’s stock traded hands, compared to its average volume of 6,726. The company has a fifty day moving average of $66.59 and a two-hundred day moving average of $60.46. Finning International has a one year low of $31.88 and a one year high of $74.65. The company has a market capitalization of $9.22 billion and a price-to-earnings ratio of 98.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FINGF. TD Securities reissued a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. Finally, Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Finning International has a consensus 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.