General Finance (NASDAQ:GFN) announced its earnings results on Wednesday. The business services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05, Morningstar.com reports. General Finance had a negative net margin of 3.85% and a positive return on equity of 7.90%. General Finance updated its FY 2020 guidance to EPS.
Shares of General Finance stock opened at $7.19 on Thursday. General Finance has a 1 year low of $6.95 and a 1 year high of $16.15. The firm has a market cap of $214.90 million, a PE ratio of 119.83, a PEG ratio of 1.06 and a beta of 1.53. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.62 and a quick ratio of 1.08. The company has a 50 day simple moving average of $7.73 and a two-hundred day simple moving average of $8.54.
Institutional investors and hedge funds have recently made changes to their positions in the company. Monarch Partners Asset Management LLC bought a new stake in shares of General Finance in the 1st quarter worth approximately $654,000. Gagnon Securities LLC lifted its holdings in shares of General Finance by 4.5% in the 2nd quarter. Gagnon Securities LLC now owns 2,099,836 shares of the business services provider’s stock worth $17,576,000 after acquiring an additional 90,331 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of General Finance by 13.5% in the 4th quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,282 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of General Finance by 206.1% in the 4th quarter. Deutsche Bank AG now owns 93,173 shares of the business services provider’s stock worth $940,000 after acquiring an additional 62,735 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of General Finance in the 2nd quarter worth approximately $100,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.
Several brokerages have issued reports on GFN. ValuEngine lowered shares of General Finance from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Zacks Investment Research lowered shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th.
About General Finance
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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