Equities research analysts predict that General Finance Co. (NASDAQ:GFN) will announce $78.80 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for General Finance’s earnings, with the lowest sales estimate coming in at $74.50 million and the highest estimate coming in at $83.10 million. General Finance reported sales of $72.33 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, February 6th.
According to Zacks, analysts expect that General Finance will report full year sales of $78.80 million for the current financial year, with estimates ranging from $300.42 million to $315.00 million. For the next financial year, analysts expect that the company will post sales of $326.50 million per share, with estimates ranging from $323.00 million to $330.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover General Finance.
General Finance (NASDAQ:GFN) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. General Finance had a negative return on equity of 1.29% and a negative net margin of 0.73%. The firm had revenue of $76.92 million for the quarter, compared to analysts’ expectations of $69.35 million.
Separately, Zacks Investment Research upgraded shares of General Finance from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in GFN. Citadel Advisors LLC purchased a new position in General Finance in the 2nd quarter worth approximately $134,000. Raymond James Financial Services Advisors Inc. raised its holdings in General Finance by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,900 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new position in General Finance in the 3rd quarter worth approximately $120,000. Finally, Valeo Financial Advisors LLC purchased a new position in General Finance in the 3rd quarter worth approximately $754,000. Institutional investors own 27.25% of the company’s stock.
Shares of General Finance (NASDAQ GFN) opened at $7.00 on Tuesday. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.58 and a quick ratio of 1.05. General Finance has a 12-month low of $4.50 and a 12-month high of $7.35. The company has a market capitalization of $187.67, a P/E ratio of -33.57 and a beta of 1.19.
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General Finance 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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