Finning International (OTCMKTS:FINGF) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Finning International (OTCMKTS:FINGF) released its earnings results on Wednesday. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.05, Zacks reports. Finning International had a return on equity of 19.18% and a net margin of 6.34%.The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $1.94 billion.

Finning International Trading Up 0.6%

Shares of FINGF opened at $71.71 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 1.61. Finning International has a 52-week low of $39.35 and a 52-week high of $78.16. The firm has a market cap of $9.34 billion and a price-to-earnings ratio of 49.12. The business’s fifty day moving average is $71.34 and its 200-day moving average is $68.31.

Analysts Set New Price Targets

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