Finning International (OTCMKTS:FINGF) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Finning International (OTCMKTS:FINGF) issued its earnings results on Tuesday. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02), Zacks reports. Finning International had a return on equity of 19.85% and a net margin of 4.93%.

Finning International Stock Down 9.7%

OTCMKTS FINGF traded down $6.59 during trading on Tuesday, reaching $61.27. 2,656 shares of the company’s stock were exchanged, compared to its average volume of 21,303. The company has a 50 day moving average price of $70.48 and a two-hundred day moving average price of $68.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.47. The stock has a market cap of $7.94 billion and a P/E ratio of 26.18. Finning International has a 1 year low of $49.95 and a 1 year high of $81.12.

Analyst Upgrades and Downgrades

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

About Finning International

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.