General Finance Co. (GFN) Expected to Post Earnings of -$0.06 Per Share
Wall Street brokerages forecast that General Finance Co. (NASDAQ:GFN) will post ($0.06) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for General Finance’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.07). General Finance also posted earnings of ($0.06) per share in the same quarter last year. The company is scheduled to announce its next earnings report on Monday, May 8th.
On average, analysts expect that General Finance will report full-year earnings of ($0.20) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.20). For the next year, analysts anticipate that the firm will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.12) to $0.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for General Finance.
General Finance (NASDAQ:GFN) last announced its quarterly earnings results on Monday, February 6th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $72.33 million for the quarter, compared to the consensus estimate of $75.55 million. General Finance had a negative net margin of 2.27% and a negative return on equity of 0.18%.
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Several research firms recently issued reports on GFN. Singular Research began coverage on shares of General Finance in a research report on Tuesday, February 21st. They set a “buy” rating and a $9.20 price objective for the company. Zacks Investment Research upgraded shares of General Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th.
In other General Finance news, Director Manuel Marrero bought 7,419 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were acquired at an average cost of $5.10 per share, with a total value of $37,836.90. Following the acquisition, the director now directly owns 117,577 shares of the company’s stock, valued at approximately $599,642.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Neil Gagnon sold 5,690 shares of General Finance stock in a transaction on Monday, April 17th. The shares were sold at an average price of $5.05, for a total transaction of $28,734.50. Following the completion of the transaction, the insider now directly owns 965,078 shares in the company, valued at $4,873,643.90. The disclosure for this sale can be found here. In the last three months, insiders bought 10,000 shares of company stock valued at $50,784. Insiders own 25.80% of the company’s stock.
An institutional investor recently raised its position in General Finance stock. Renaissance Technologies LLC boosted its stake in shares of General Finance Co. (NASDAQ:GFN) by 160.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,696 shares of the business services provider’s stock after buying an additional 17,696 shares during the period. Renaissance Technologies LLC owned about 0.11% of General Finance worth $159,000 at the end of the most recent quarter. 12.56% of the stock is currently owned by institutional investors and hedge funds.
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Shares of General Finance (NASDAQ:GFN) opened at 4.90 on Thursday. The company’s market capitalization is $129.13 million. The firm has a 50-day moving average of $5.09 and a 200-day moving average of $4.85. General Finance has a one year low of $3.99 and a one year high of $5.90.
General Finance Company Profile
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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