Brokerages expect General Finance Co. (NASDAQ:GFN) to report $90.10 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for General Finance’s earnings, with estimates ranging from $89.80 million to $90.40 million. General Finance posted sales of $84.42 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 8th.
On average, analysts expect that General Finance will report full-year sales of $380.39 million for the current fiscal year. For the next year, analysts expect 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 an average based on a survey of sell-side research analysts that that provide coverage for General Finance.
General Finance (NASDAQ:GFN) last announced its quarterly earnings results on Monday, February 11th. The business services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. General Finance had a positive return on equity of 6.38% and a negative net margin of 4.17%. The business had revenue of $97.99 million during the quarter, compared to analysts’ expectations of $91.70 million.
A number of analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating on shares of General Finance in a research note on Monday, February 11th. ValuEngine lowered General Finance from a “buy” rating to a “hold” rating in a research note on Friday, January 25th.
Shares of GFN traded down $0.02 during trading hours on Friday, reaching $9.96. 32,804 shares of the company traded hands, compared to its average volume of 44,518. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 3.08. The firm has a market cap of $302.49 million, a P/E ratio of 166.00, a PEG ratio of 2.16 and a beta of 1.47. General Finance has a fifty-two week low of $6.80 and a fifty-two week high of $16.15.
In other news, major shareholder Neil Gagnon acquired 815 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were bought at an average cost of $98.62 per share, for a total transaction of $80,375.30. Following the acquisition, the insider now directly owns 14,183 shares in the company, valued at approximately $1,398,727.46. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald Valenta sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $10.86, for a total value of $651,600.00. The disclosure for this sale can be found here. 23.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. purchased a new position in shares of General Finance in the 2nd quarter worth about $244,000. O Shaughnessy Asset Management LLC raised its holdings in shares of General Finance by 33.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 31,720 shares of the business services provider’s stock worth $506,000 after purchasing an additional 8,017 shares during the period. BlackRock Inc. raised its holdings in shares of General Finance by 32.2% during the 3rd quarter. BlackRock Inc. now owns 646,921 shares of the business services provider’s stock valued at $10,318,000 after buying an additional 157,700 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of General Finance by 163.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,685 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 61,781 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of General Finance during the 3rd quarter valued at about $324,000. Institutional investors own 23.77% of the company’s stock.
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.
Featured Article: Compound Interest and Why It Matters When Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for General Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance and related companies with MarketBeat.com's FREE daily email newsletter.