Shares of General Finance Co. (NASDAQ:GFN) reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $7.40 and last traded at $7.40, with a volume of 147693 shares. The stock had previously closed at $7.15.
The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 0.39% and a net margin of 0.18%.
Several research firms recently commented on GFN. Zacks Investment Research raised General Finance from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. DA Davidson reissued a “buy” rating on shares of General Finance in a research note on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.20.
The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 3.88. The company has a market cap of $192.40, a price-to-earnings ratio of -65.45 and a beta of 1.19.
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About General Finance
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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