Equities analysts expect General Finance Corporation (NASDAQ:GFN) to report $69.35 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for General Finance Corporation’s earnings. The lowest sales estimate is $69.20 million and the highest is $69.50 million. General Finance Corporation reported sales of $62.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that General Finance Corporation will report full-year sales of $69.35 million for the current year, with estimates ranging from $293.00 million to $305.00 million. For the next year, analysts expect that the firm will post sales of $321.50 million per share, with estimates ranging from $320.00 million to $323.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow General Finance Corporation.
General Finance Corporation (NASDAQ:GFN) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $70.95 million. General Finance Corporation had a negative net margin of 0.90% and a negative return on equity of 1.37%.
A number of analysts recently issued reports on GFN shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of General Finance Corporation in a research note on Wednesday, September 20th. Zacks Investment Research raised General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. ValuEngine cut shares of General Finance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of General Finance Corporation from a “d” rating to a “c-” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. General Finance Corporation currently has a consensus rating of “Hold” and an average price target of $7.60.
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In other General Finance Corporation news, CEO Ronald Valenta purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $5.10 per share, with a total value of $51,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Larry D. Tashjian purchased 5,200 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were acquired at an average cost of $4.95 per share, with a total value of $25,740.00. The disclosure for this purchase can be found here. Insiders have bought a total of 48,302 shares of company stock valued at $242,941 over the last ninety days. Company insiders own 25.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of General Finance Corporation in the 2nd quarter valued at approximately $134,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of General Finance Corporation by 50.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,400 shares of the business services provider’s stock valued at $150,000 after buying an additional 9,900 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of General Finance Corporation by 25.4% in the 1st quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock valued at $183,000 after buying an additional 7,276 shares during the last quarter. Finally, Gagnon Securities LLC acquired a new stake in shares of General Finance Corporation in the 2nd quarter valued at approximately $10,892,000. 19.11% of the stock is owned by institutional investors.
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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