Oppenheimer Equities Analysts Raise Earnings Estimates for General Finance Co. (GFN)

General Finance Co. (NASDAQ:GFN) – Research analysts at Oppenheimer boosted their Q3 2018 earnings per share estimates for shares of General Finance in a report released on Monday. Oppenheimer analyst S. Schneeberger now anticipates that the business services provider will post earnings of ($0.07) per share for the quarter, up from their previous forecast of ($0.12). Oppenheimer also issued estimates for General Finance’s Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.07) EPS and FY2019 earnings at $0.02 EPS.

General Finance (NASDAQ:GFN) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.12. The business had revenue of $92.13 million for the quarter, compared to analyst estimates of $78.80 million. General Finance had a net margin of 0.18% and a return on equity of 0.39%.

Several other analysts have also commented on the stock. DA Davidson reiterated a “buy” rating on shares of General Finance in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.20.

General Finance (GFN) traded up $0.05 during mid-day trading on Thursday, hitting $7.50. 21,500 shares of the stock traded hands, compared to its average volume of 35,310. The firm has a market capitalization of $199.08, a price-to-earnings ratio of -68.18 and a beta of 1.19. General Finance has a twelve month low of $4.50 and a twelve month high of $7.50. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.

In other General Finance news, major shareholder Neil Gagnon sold 20,872 shares of General Finance stock in a transaction on Monday, February 12th. The shares were sold at an average price of $7.47, for a total value of $155,913.84. Following the transaction, the insider now owns 957,493 shares in the company, valued at approximately $7,152,472.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.90% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Litman Gregory Asset Management LLC raised its stake in shares of General Finance by 46.9% in the 4th quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 11,111 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of General Finance in the 3rd quarter valued at $754,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of General Finance by 47.2% in 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. Millennium Management LLC purchased a new position in shares of General Finance in the 4th quarter valued at $265,000. Finally, Deutsche Bank AG raised its stake in shares of General Finance by 118.5% in the 4th quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 16,944 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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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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