Analysts predict that General Finance Co. (NASDAQ:GFN) will announce ($0.06) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for General Finance’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). General Finance reported earnings per share of ($0.08) during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The company is scheduled to report its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that General Finance will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.07) to ($0.02). For the next fiscal year, analysts forecast that the firm will report earnings of $0.05 per share, with EPS estimates ranging from $0.02 to $0.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow General Finance.
General Finance (NASDAQ:GFN) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.12. General Finance had a return on equity of 0.39% and a net margin of 0.18%. The business had revenue of $92.13 million during the quarter, compared to analyst estimates of $78.80 million.
Several research analysts have commented on GFN shares. DA Davidson reissued a “buy” rating on shares of General Finance in a report on Wednesday, February 7th. Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.20.
In other General Finance news, major shareholder Neil Gagnon sold 20,872 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7.47, for a total transaction of $155,913.84. Following the completion of the transaction, the insider now owns 957,493 shares of the company’s stock, valued at approximately $7,152,472.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.90% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in GFN. Weil Company Inc. bought a new position in shares of General Finance in the 4th quarter valued at about $107,000. Litman Gregory Asset Management LLC bought a new position in shares of General Finance in the 3rd quarter valued at about $120,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of General Finance by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,900 shares during the last quarter. Monashee Investment Management LLC bought a new position in shares of General Finance in the 4th quarter valued at about $171,000. Finally, Deutsche Bank AG lifted its holdings in shares of General Finance by 118.5% in the 4th quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 16,944 shares during the last quarter. 19.03% of the stock is owned by hedge funds and other institutional investors.
Shares of General Finance (NASDAQ GFN) traded down $0.10 during mid-day trading on Wednesday, reaching $7.30. The company’s stock had a trading volume of 12,600 shares, compared to its average volume of 32,906. General Finance has a 1-year low of $4.50 and a 1-year high of $7.50. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.59 and a quick ratio of 1.07. The stock has a market cap of $197.74, a price-to-earnings ratio of -66.36 and a beta of 1.19.
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About General Finance
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
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