General Finance Corporation (GFN) to Release Earnings on Tuesday
General Finance Corporation (NASDAQ:GFN) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect General Finance Corporation to post earnings of ($0.05) per share for the quarter.
General Finance Corporation (NASDAQ:GFN) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.07). General Finance Corporation had a negative return on equity of 1.37% and a negative net margin of 0.90%. The company had revenue of $73.34 million during the quarter, compared to the consensus estimate of $70.95 million. On average, analysts expect General Finance Corporation to post $-0.16 EPS for the current fiscal year and $-0.05 EPS for the next fiscal year.
General Finance Corporation (NASDAQ:GFN) traded down 1.6556% during midday trading on Tuesday, hitting $5.3106. The stock had a trading volume of 5,055 shares. General Finance Corporation has a 52 week low of $4.00 and a 52 week high of $5.90. The stock has a 50-day moving average of $5.16 and a 200-day moving average of $4.97. The firm’s market cap is $141.32 million.
Several research analysts have recently weighed in on GFN shares. Zacks Investment Research cut General Finance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. ValuEngine raised General Finance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of General Finance Corporation in a research report on Wednesday, September 20th. Finally, TheStreet raised General Finance Corporation from a “d” rating to a “c-” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.60.
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In related news, CEO Ronald Valenta bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of $5.10 per share, for a total transaction of $51,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry D. Tashjian bought 5,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of $4.95 per share, for a total transaction of $25,740.00. The disclosure for this purchase can be found here. Insiders have purchased 48,302 shares of company stock worth $242,941 in the last quarter. 25.90% of the stock is currently owned by corporate insiders.
General Finance Corporation 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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