General Finance Co. (GFN) to Post Q3 2018 Earnings of ($0.04) Per Share, DA Davidson Forecasts

General Finance Co. (NASDAQ:GFN) – Equities researchers at DA Davidson raised their Q3 2018 EPS estimates for shares of General Finance in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Thielman now anticipates that the business services provider will post earnings of ($0.04) per share for the quarter, up from their previous estimate of ($0.09). DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for General Finance’s Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.02) EPS and FY2019 earnings at $0.08 EPS.

Separately, Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. General Finance currently has a consensus rating of “Hold” and an average target price of $9.20.

Shares of General Finance (GFN) traded up $0.20 during midday trading on Friday, reaching $7.40. 8,843 shares of the company were exchanged, compared to its average volume of 33,472. General Finance has a 12-month low of $4.50 and a 12-month high of $7.50. The stock has a market capitalization of $192.40, a P/E ratio of -65.45 and a beta of 1.19. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.59 and a quick ratio of 1.05.

General Finance (NASDAQ:GFN) last released its earnings results on Tuesday, February 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.12. General Finance had a net margin of 0.18% and a return on equity of 0.39%. The company had revenue of $92.13 million for the quarter, compared to the consensus estimate of $78.80 million.

A number of large investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new stake in shares of General Finance in the third quarter valued at about $754,000. Raymond James Financial Services Advisors Inc. lifted its stake in General Finance by 47.2% in 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. Litman Gregory Asset Management LLC lifted its stake in General Finance by 46.9% in the fourth quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock worth $237,000 after acquiring an additional 11,111 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in General Finance in the second quarter worth approximately $134,000. Institutional investors own 27.25% of the company’s stock.

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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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