Wall Street analysts forecast that General Finance Co. (NASDAQ:GFN) will report ($0.04) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for General Finance’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.01). General Finance posted earnings of ($0.02) per share in the same quarter last year, which would suggest a negative year over year growth rate of 100%. The business is scheduled to announce its next quarterly earnings results on Monday, February 5th.
According to Zacks, analysts expect that General Finance will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.24). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover General Finance.
General Finance (NASDAQ:GFN) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. General Finance had a negative return on equity of 1.29% and a negative net margin of 0.73%.
GFN has been the subject of several analyst reports. Zacks Investment Research upgraded General Finance from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Oppenheimer restated a “hold” rating on shares of General Finance in a report on Wednesday, September 20th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.20.
A number of hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in General Finance during the 3rd quarter valued at about $754,000. Raymond James Financial Services Advisors Inc. boosted its holdings in 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 valued at $233,000 after acquiring an additional 14,775 shares during the period. Citadel Advisors LLC purchased a new stake in General Finance during the 2nd quarter valued at about $134,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in General Finance during the 3rd quarter valued at about $120,000. Institutional investors own 27.57% of the company’s stock.
Shares of General Finance (GFN) remained flat at $$7.00 during trading on Thursday. 8,017 shares of the stock traded hands, compared to its average volume of 30,350. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.05 and a current ratio of 1.58. The stock has a market capitalization of $183.74, a P/E ratio of -33.33 and a beta of 1.31. General Finance has a 1 year low of $4.50 and a 1 year high of $7.15.
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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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