Wall Street brokerages predict that General Finance Co. (NASDAQ:GFN) will post earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for General Finance’s earnings. General Finance reported earnings of $0.08 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The firm is expected to issue its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that General Finance will report full year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.33. For the next fiscal year, analysts expect that the firm will post earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover General Finance.
General Finance (NASDAQ:GFN) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. General Finance had a negative net margin of 2.29% and a positive return on equity of 4.81%. The business had revenue of $97.79 million for the quarter, compared to the consensus estimate of $86.10 million.
Separately, Zacks Investment Research upgraded shares of General Finance from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Friday, September 7th.
In other news, major shareholder Neil Gagnon sold 2,077 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $14.28, for a total value of $29,659.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Theodore M. Mourouzis sold 8,596 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $16.00, for a total transaction of $137,536.00. Following the completion of the transaction, the insider now owns 469,868 shares in the company, valued at $7,517,888. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,103 shares of company stock worth $2,229,487. Company insiders own 23.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new position in shares of General Finance in the second quarter worth about $244,000. O Shaughnessy Asset Management LLC grew its holdings in shares of General Finance by 33.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 31,720 shares of the business services provider’s stock worth $506,000 after purchasing an additional 8,017 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of General Finance in the third quarter worth about $324,000. Renaissance Technologies LLC grew its holdings in shares of General Finance by 80.5% in the second quarter. Renaissance Technologies LLC now owns 436,315 shares of the business services provider’s stock worth $5,912,000 after purchasing an additional 194,615 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of General Finance by 1,611.3% in the second quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock worth $6,629,000 after purchasing an additional 460,633 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.
Shares of GFN traded down $0.73 during midday trading on Thursday, hitting $12.07. The stock had a trading volume of 105,300 shares, compared to its average volume of 90,709. General Finance has a 1 year low of $6.20 and a 1 year high of $16.15. The company has a market cap of $387.62 million, a P/E ratio of 201.17, a P/E/G ratio of 2.77 and a beta of 1.33. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 2.93.
About General Finance
General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.
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