Equities analysts forecast that General Finance Corporation (NASDAQ:GFN) will announce ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for General Finance Corporation’s earnings, with estimates ranging from ($0.07) to ($0.01). General Finance Corporation posted earnings of ($0.02) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The business is scheduled to announce its next earnings results on Monday, February 5th.
On average, analysts expect that General Finance Corporation will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.24). For the next fiscal year, analysts anticipate that the company will report 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 analysts that follow General Finance Corporation.
General Finance Corporation (NASDAQ:GFN) last posted its quarterly earnings results on Wednesday, September 6th. The company reported C($0.07) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C($0.07). General Finance Corporation had a negative return on equity of 1.29% and a negative net margin of 0.73%. The firm had revenue of C$73.34 million during the quarter, compared to the consensus estimate of C$70.95 million.
Several brokerages have recently weighed in on GFN. TheStreet raised General Finance Corporation from a “d” rating to a “c-” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded General Finance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. ValuEngine upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of General Finance Corporation in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. General Finance Corporation presently has an average rating of “Hold” and an average target price of C$9.20.
In related news, Director Larry D. Tashjian bought 5,200 shares of the stock in a transaction dated Tuesday, September 26th. The stock was bought at an average cost of C$4.95 per share, with a total value of C$25,740.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ronald Valenta bought 10,000 shares of the stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of C$5.10 per share, with a total value of C$51,000.00. The disclosure for this purchase can be found here. Insiders have acquired 48,302 shares of company stock worth $242,941 in the last 90 days. 25.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Litman Gregory Asset Management LLC bought a new position in General Finance Corporation in the 3rd quarter worth approximately $120,000. Citadel Advisors LLC purchased a new stake in shares of General Finance Corporation during the second quarter worth $134,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of General Finance Corporation by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the company’s stock worth $161,000 after acquiring an additional 1,900 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of General Finance Corporation by 25.4% during the first quarter. Renaissance Technologies LLC now owns 35,972 shares of the company’s stock worth $183,000 after acquiring an additional 7,276 shares in the last quarter. Finally, Gagnon Securities LLC purchased a new stake in shares of General Finance Corporation during the second quarter worth $10,892,000. 18.98% of the stock is owned by institutional investors.
Shares of General Finance Corporation (NASDAQ:GFN) traded down C$0.10 during midday trading on Monday, hitting C$5.95. The stock had a trading volume of 1,300 shares, compared to its average volume of 15,151. General Finance Corporation has a 52 week low of C$4.00 and a 52 week high of C$6.15. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 3.93.
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About General Finance Corporation
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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