General Finance Co. (GFN) Expected to Announce Earnings of -$0.04 Per Share

Wall Street analysts expect General Finance Co. (NASDAQ:GFN) to post earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for General Finance’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.07). General Finance posted earnings per share of ($0.02) in the same quarter last year, which would indicate a negative year-over-year growth rate of 100%. The company is scheduled to announce its next quarterly earnings results on Monday, February 5th.

On average, analysts expect that General Finance will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.24). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover General Finance.

General Finance (NASDAQ:GFN) last released its earnings results on Tuesday, November 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. General Finance had a negative return on equity of 1.29% and a negative net margin of 0.73%.

A number of research analysts have issued reports on GFN shares. Oppenheimer reiterated a “hold” rating on shares of General Finance in a research report on Wednesday, September 20th. Zacks Investment Research lowered General Finance from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. General Finance has a consensus rating of “Hold” and an average target price of $9.20.

Several hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in shares of General Finance during the third quarter valued at about $754,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of 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 valued at $233,000 after purchasing an additional 14,775 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of General Finance during the second quarter valued at about $134,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of General Finance during the third quarter valued at about $120,000. 27.57% of the stock is currently owned by hedge funds and other institutional investors.

General Finance (GFN) remained flat at $$7.00 during trading on Thursday. 8,017 shares of the stock were exchanged, compared to its average volume of 30,350. General Finance has a fifty-two week low of $4.50 and a fifty-two week high of $7.15. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.58 and a quick ratio of 1.05. The stock has a market cap of $183.74, a P/E ratio of -33.33 and a beta of 1.31.

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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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