Finning International (FINGF) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Finning International is expected to announce quarterly results on Tuesday, May 12, with analysts forecasting earnings of $0.728 per share and revenue of $1.8152 billion for the quarter.
• In the prior quarter the company reported EPS of $0.72, missing the $0.77 consensus, while revenue of $1.96 billion beat estimates; Finning posted a return on equity of 18.01% and a net margin of 6.03%.
• FINGF recently traded around $72.44 with a market cap of $9.46 billion and a PE of 100.61, and analysts view the stock as a Moderate Buy (six Buy ratings, one Hold) with TD, RBC and Scotiabank reiterating positive ratings.

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

Finning International Trading Down 0.8%

FINGF stock traded down $0.60 during midday trading on Tuesday, hitting $72.44. The stock had a trading volume of 841 shares, compared to its average volume of 7,138. The firm has a market cap of $9.46 billion and a PE ratio of 100.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.75. Finning International has a 12-month low of $28.35 and a 12-month high of $74.65. The company's 50-day moving average price is $66.00 and its 200 day moving average price is $59.66.

Wall Street Analyst Weigh In

Several analysts have commented on FINGF shares. TD Securities reaffirmed a "buy" rating on shares of Finning International in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of Finning International in a research report on Thursday, February 12th. Finally, Scotiabank reissued an "outperform" rating on shares of Finning International in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Finning International has an average rating of "Moderate Buy".

Finning International Company Profile

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.

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