Brokerages expect General Finance Co. (NASDAQ:GFN) to post sales of $91.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for General Finance’s earnings, with the lowest sales estimate coming in at $91.30 million and the highest estimate coming in at $92.10 million. General Finance posted sales of $92.13 million in the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Tuesday, February 5th.
On average, analysts expect that General Finance will report full year sales of $374.35 million for the current financial year, with estimates ranging from $373.69 million to $375.00 million. For the next financial year, analysts anticipate that the firm will post sales of $392.35 million, with estimates ranging from $388.20 million to $396.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for General Finance.
General Finance (NASDAQ:GFN) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.10. General Finance had a negative net margin of 2.29% and a positive return on equity of 4.81%. The firm had revenue of $97.79 million for the quarter, compared to analyst estimates of $86.10 million.
Several equities research analysts recently issued reports on GFN shares. Zacks Investment Research raised shares of General Finance from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Friday, September 7th. ValuEngine lowered shares of General Finance from a “buy” rating to a “hold” rating in a report on Friday.
Shares of General Finance stock opened at $11.60 on Friday. The company has a market cap of $387.62 million, a P/E ratio of 193.33, a P/E/G ratio of 2.77 and a beta of 1.33. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.95 and a current ratio of 1.44. General Finance has a 1 year low of $6.20 and a 1 year high of $16.15.
In related news, major shareholder Neil Gagnon sold 28,616 shares of General Finance stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $14.47, for a total transaction of $414,073.52. Following the sale, the insider now directly owns 639,306 shares of the company’s stock, valued at approximately $9,250,757.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore M. Mourouzis sold 8,596 shares of General Finance stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $16.00, for a total transaction of $137,536.00. Following the sale, the insider now directly owns 469,868 shares in the company, valued at $7,517,888. The disclosure for this sale can be found here. Insiders have sold a total of 51,234 shares of company stock worth $763,603 over the last ninety days. 23.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GFN. BlackRock Inc. grew its holdings in General Finance by 1,611.3% during the 2nd quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock worth $6,629,000 after acquiring an additional 460,633 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of General Finance by 62.8% in the 3rd quarter. Renaissance Technologies LLC now owns 710,340 shares of the business services provider’s stock worth $11,330,000 after purchasing an additional 274,025 shares during the period. Gagnon Securities LLC lifted its position in shares of General Finance by 9.0% in the 3rd quarter. Gagnon Securities LLC now owns 2,004,741 shares of the business services provider’s stock worth $31,976,000 after purchasing an additional 166,257 shares during the period. Northern Trust Corp lifted its position in shares of General Finance by 620.0% in the 2nd quarter. Northern Trust Corp now owns 109,121 shares of the business services provider’s stock worth $1,479,000 after purchasing an additional 93,965 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of General Finance in the 2nd quarter worth approximately $931,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.
General Finance Company Profile
General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.
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