Brokerages predict that General Finance Co. (NASDAQ:GFN) will report $75.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for General Finance’s earnings, with estimates ranging from $74.80 million to $76.50 million. General Finance posted sales of $68.46 million in the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The business is scheduled to report its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that General Finance will report full-year sales of $75.65 million for the current fiscal year. For the next fiscal year, analysts expect that the business will report sales of $331.50 million per share, with estimates ranging from $330.00 million to $333.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover General Finance.
General Finance (NASDAQ:GFN) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. The company had revenue of $92.13 million during the quarter, compared to the consensus estimate of $78.80 million. General Finance had a net margin of 0.18% and a return on equity of 0.39%.
GFN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a report on Friday, November 17th. DA Davidson reaffirmed a “buy” rating on shares of General Finance in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.20.
General Finance (NASDAQ GFN) traded up $0.20 during trading hours on Tuesday, hitting $7.40. 29,314 shares of the stock were exchanged, compared to its average volume of 31,666. The company has a market cap of $197.74, a P/E ratio of -67.27 and a beta of 1.19. General Finance has a one year low of $4.50 and a one year high of $7.50. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.
Several institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC acquired a new stake in shares of General Finance during the 3rd quarter worth about $754,000. Raymond James Financial Services Advisors Inc. increased its position in shares of General Finance by 47.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,075 shares of the business services provider’s stock worth $233,000 after purchasing an additional 14,775 shares in the last quarter. Litman Gregory Asset Management LLC increased its position in shares of General Finance by 46.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock worth $237,000 after purchasing an additional 11,111 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of General Finance during the 2nd quarter worth about $134,000. Finally, Monashee Investment Management LLC acquired a new stake in shares of General Finance during the 4th quarter worth about $171,000. Institutional investors and hedge funds own 27.25% of the company’s stock.
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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