Analysts Anticipate General Finance Corporation (GFN) to Post -$0.04 Earnings Per Share
Equities research analysts expect General Finance Corporation (NASDAQ:GFN) to announce earnings per share (EPS) of ($0.04) for the current quarter, Zacks reports. Two analysts have made estimates for General Finance Corporation’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.01). General Finance Corporation posted earnings per share of ($0.02) during the same quarter last year, which suggests 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 fiscal year, with EPS estimates ranging from ($0.30) to ($0.24). For the next year, analysts anticipate that the business 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 averages are a mean average based on a survey of research analysts that follow General Finance Corporation.
General Finance Corporation (NASDAQ:GFN) last announced its quarterly earnings results on Wednesday, September 6th. The company reported C($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of C($0.07). The company had revenue of C$73.34 million for the quarter, compared to analysts’ expectations of C$70.95 million. General Finance Corporation had a negative net margin of 0.73% and a negative return on equity of 1.29%.
GFN has been the topic of several recent analyst reports. ValuEngine upgraded shares of General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet upgraded shares of General Finance Corporation from a “d” rating to a “c-” rating in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of General Finance Corporation in a research note on Wednesday, September 20th. Finally, Zacks Investment Research cut shares of General Finance Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. General Finance Corporation currently has a consensus rating of “Hold” and an average price target of C$9.20.
In related news, Director Larry D. Tashjian purchased 5,200 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average price of C$4.95 per share, with a total value of C$25,740.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ronald Valenta bought 10,000 shares of General Finance Corporation stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average cost of C$5.10 per share, for a total transaction of C$51,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 48,302 shares of company stock worth $242,941 in the last three months. Insiders own 25.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GFN. Gagnon Securities LLC bought a new position in shares of General Finance Corporation during the 2nd quarter valued at $10,892,000. Citadel Advisors LLC bought a new position in shares of General Finance Corporation during the 2nd quarter valued at $134,000. Litman Gregory Asset Management LLC bought a new position in shares of General Finance Corporation during the 3rd quarter valued at $120,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of General Finance Corporation by 47.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,075 shares of the company’s stock valued at $233,000 after purchasing an additional 14,775 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of General Finance Corporation by 25.4% during the 1st quarter. Renaissance Technologies LLC now owns 35,972 shares of the company’s stock valued at $183,000 after purchasing an additional 7,276 shares during the last quarter. 18.98% of the stock is currently owned by institutional investors.
Shares of General Finance Corporation (GFN) traded down C$0.10 during mid-day trading on Monday, hitting C$5.95. 1,300 shares of the company were exchanged, compared to its average volume of 15,151. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.05 and a current ratio of 1.58. General Finance Corporation has a 12 month low of C$4.00 and a 12 month high of C$6.15.
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General Finance Corporation 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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