Oppenheimer Equities Analysts Raise Earnings Estimates for General Finance Co. (GFN)

General Finance Co. (NASDAQ:GFN) – Equities research analysts at Oppenheimer raised their Q3 2018 earnings per share estimates for shares of General Finance in a research note issued on Monday. Oppenheimer analyst S. Schneeberger now forecasts that the business services provider will post earnings per share of ($0.07) for the quarter, up from their prior forecast of ($0.12). Oppenheimer also issued estimates for General Finance’s Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.07) EPS and FY2019 earnings at $0.02 EPS.

A number of other research firms have also recently weighed in on GFN. DA Davidson reissued a “buy” rating on shares of General Finance in a research report on Wednesday, February 7th. Zacks Investment Research raised General Finance from a “sell” rating to a “hold” rating in a research 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. The company currently has a consensus rating of “Hold” and an average price target of $9.20.

General Finance (NASDAQ:GFN) traded up $0.05 during trading on Thursday, hitting $7.50. The stock had a trading volume of 21,500 shares, compared to its average volume of 35,310. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.59 and a quick ratio of 1.07. The firm has a market cap of $199.08, a PE ratio of -68.18 and a beta of 1.19. General Finance has a 52-week low of $4.50 and a 52-week high of $7.50.

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

Hedge funds have recently bought and sold shares of the stock. Weil Company Inc. acquired a new stake in General Finance in the 4th quarter worth about $107,000. Litman Gregory Asset Management LLC acquired a new stake in General Finance in the 3rd quarter worth about $120,000. Raymond James Financial Services Advisors Inc. boosted its holdings in General Finance by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after buying an additional 1,900 shares during the last quarter. Monashee Investment Management LLC acquired a new stake in General Finance in the 4th quarter worth about $171,000. Finally, Deutsche Bank AG boosted its holdings in General Finance by 118.5% in the 4th quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock worth $212,000 after buying an additional 16,944 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

In other news, major shareholder Neil Gagnon sold 20,872 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $7.47, for a total transaction of $155,913.84. Following the sale, the insider now directly owns 957,493 shares in the company, valued at approximately $7,152,472.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.90% of the stock is owned by company insiders.

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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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