Wall Street analysts forecast that General Finance Co. (NASDAQ:GFN) will post $78.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for General Finance’s earnings. The lowest sales estimate is $74.50 million and the highest is $83.10 million. General Finance posted sales of $72.33 million during the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The company is expected to issue its next quarterly earnings report on Monday, February 5th.
On average, analysts expect that General Finance will report full year sales of $78.80 million for the current year, with estimates ranging from $300.42 million to $315.00 million. For the next fiscal year, analysts expect that the business will report sales of $326.50 million per share, with estimates ranging from $323.00 million to $330.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for General Finance.
General Finance (NASDAQ:GFN) last released its earnings results on Wednesday, September 6th. The business services provider reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $70.95 million. General Finance had a negative net margin of 0.73% and a negative return on equity of 1.29%.
General Finance (GFN) traded down $0.10 during mid-day trading on Thursday, hitting $6.45. 7,670 shares of the stock were exchanged, compared to its average volume of 14,939. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.58 and a quick ratio of 1.05. General Finance has a twelve month low of $4.00 and a twelve month high of $6.65.
In other General Finance news, Director Larry D. Tashjian purchased 5,200 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were purchased at an average cost of $4.95 per share, for a total transaction of $25,740.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ronald Valenta purchased 12,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of $5.04 per share, for a total transaction of $60,480.00. The disclosure for this purchase can be found here. Insiders have bought 48,302 shares of company stock valued at $242,941 in the last three months. Corporate insiders own 25.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of GFN. Valeo Financial Advisors LLC acquired a new position in General Finance during the third quarter worth about $754,000. Citadel Advisors LLC acquired a new position in General Finance during the second quarter worth about $134,000. Litman Gregory Asset Management LLC acquired a new position in General Finance during the third quarter worth about $120,000. Raymond James Financial Services Advisors Inc. boosted its position in General Finance by 47.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,075 shares of the business services provider’s stock worth $233,000 after acquiring an additional 14,775 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in General Finance by 25.4% during the first quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock worth $183,000 after acquiring an additional 7,276 shares during the last quarter. Hedge funds and other institutional investors own 27.57% of the company’s stock.
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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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