Finning International (FINGF) Expected to Announce Earnings on Tuesday

Finning International (OTCMKTS:FINGF) is anticipated to post its resultson Tuesday, May 12th. Analysts expect Finning International to post earnings of $0.7280 per share and revenue of $1.8152 billion for the quarter.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Finning International had a return on equity of 18.01% and a net margin of 6.03%.The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion.

Finning International Trading Down 0.8%

OTCMKTS FINGF traded down $0.60 on Tuesday, hitting $72.44. 841 shares of the stock were exchanged, compared to its average volume of 7,138. Finning International has a 52-week low of $28.35 and a 52-week high of $74.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75. The company has a market capitalization of $9.46 billion and a price-to-earnings ratio of 100.61. The company’s 50-day moving average price is $66.00 and its two-hundred day moving average price is $59.66.

Analysts Set New Price Targets

FINGF has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. TD Securities reissued a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Finally, Scotiabank restated an “outperform” rating on shares of Finning International in a report 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 company’s stock. According to MarketBeat, the company currently 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.