Finning International (OTCMKTS:FINGF) Issues Quarterly Earnings Results

Finning International (OTCMKTS:FINGF – Get Free Report) issued its earnings results on Tuesday. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02), Zacks reports. Finning International had a net margin of 4.93% and a return on equity of 19.85%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.09 billion.

Finning International Trading Down 7.6%

FINGF opened at $62.73 on Wednesday. The business has a fifty day simple moving average of $70.43 and a 200-day simple moving average of $68.96. Finning International has a 52 week low of $49.95 and a 52 week high of $81.12. The firm has a market cap of $8.13 billion and a P/E ratio of 26.81. The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31.

Analyst Ratings Changes

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

Get Our Latest Analysis on Finning International

About Finning International

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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.

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