General Finance Corp (GFN) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
General Finance Corp (NYSE:GFN) posted its quarterly earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03, StockRatingsNetwork reports.
Shares of General Finance Corp (NYSE:GFN) traded down 2.76% on Monday, hitting $6.25. The stock had a trading volume of 1,350 shares. General Finance Corp has a 52 week low of $3.97 and a 52 week high of $6.81. The stock’s 50-day moving average is $6.25 and its 200-day moving average is $5.69. The company has a market cap of $152.1 million and a P/E ratio of 49.06.
In other General Finance Corp news, major shareholder Neil Gagnon sold 19,879 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $6.40, for a total transaction of $127,225.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
On the ratings front, analysts at B. Riley cut their price target on shares of General Finance Corp from $8.50 to $8.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock.
General Finance Corporation (NYSE:GFN), through its subsidiaries Pac-Van, Inc (Pac-Van) and GFN Australasia Holdings Pty Limited (Royal Wolf), leases and sells storage container products, modular buildings and mobile offices through 24 customer service centers (CSCs), in Australia and New Zealand and 25 branch locations across 18 states in the United States.
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