General Finance Co. (NASDAQ:GFN) – Equities researchers at DA Davidson increased their Q3 2018 earnings estimates for General Finance in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now anticipates that the business services provider will post earnings per share of ($0.04) for the quarter, up from their prior estimate of ($0.09). DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for General Finance’s Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.02) EPS and FY2019 earnings at $0.08 EPS.

Separately, Zacks Investment Research raised General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. General Finance has a consensus rating of “Hold” and a consensus target price of $9.20.

General Finance (NASDAQ GFN) traded up $0.20 during midday trading on Friday, hitting $7.40. The stock had a trading volume of 8,843 shares, compared to its average volume of 33,472. The firm has a market capitalization of $192.40, a price-to-earnings ratio of -65.45 and a beta of 1.19. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.05 and a current ratio of 1.59. General Finance has a 52 week low of $4.50 and a 52 week high of $7.50.

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, topping the Zacks’ consensus estimate of ($0.04) by $0.12. The company had revenue of $92.13 million for the quarter, compared to analyst estimates of $78.80 million. General Finance had a return on equity of 0.39% and a net margin of 0.18%.

Several large investors have recently bought and sold shares of the stock. Litman Gregory Asset Management LLC bought a new position in General Finance in the third quarter valued at approximately $120,000. Citadel Advisors LLC bought a new position in General Finance in the second quarter valued at approximately $134,000. Raymond James Financial Services Advisors Inc. grew its stake in General Finance by 6.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in General Finance in the third quarter valued at approximately $754,000. Institutional investors and hedge funds own 27.25% of the company’s stock.

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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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