Equities research analysts expect General Finance Co. (NASDAQ:GFN) to announce earnings of ($0.06) per share for the current quarter, according to Zacks. Two analysts have provided estimates for General Finance’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). General Finance reported earnings of ($0.08) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is expected to issue its next quarterly earnings results on Wednesday, May 9th.
On average, analysts expect that General Finance will report full-year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.07) to ($0.02). For the next year, analysts expect that the company will post earnings of $0.05 per share, with EPS estimates ranging from $0.02 to $0.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow General Finance.
General Finance (NASDAQ:GFN) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.12. The firm had revenue of $92.13 million during the quarter, compared to analysts’ expectations of $78.80 million. General Finance had a net margin of 0.18% and a return on equity of 0.39%.
In related news, major shareholder Neil Gagnon sold 20,872 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7.47, for a total value of $155,913.84. Following the completion of the sale, the insider now owns 957,493 shares in the company, valued at $7,152,472.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in GFN. Raymond James Financial Services Advisors Inc. increased its holdings in General Finance by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,900 shares in the last quarter. Litman Gregory Asset Management LLC purchased a new position in General Finance during the 3rd quarter valued at about $120,000. Valeo Financial Advisors LLC purchased a new position in General Finance during the 3rd quarter valued at about $754,000. Monashee Investment Management LLC purchased a new position in General Finance during the 4th quarter valued at about $171,000. Finally, Renaissance Technologies LLC increased its holdings in General Finance by 83.3% during the 4th quarter. Renaissance Technologies LLC now owns 134,000 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 60,900 shares in the last quarter. Hedge funds and other institutional investors own 19.03% of the company’s stock.
Shares of General Finance (GFN) traded down $0.10 during trading hours on Wednesday, reaching $7.30. 12,600 shares of the company were exchanged, compared to its average volume of 32,906. The firm has a market cap of $197.74, a PE ratio of -66.36 and a beta of 1.19. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.07 and a current ratio of 1.59. General Finance has a 12-month low of $4.50 and a 12-month high of $7.50.
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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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