Brokerages Expect General Finance Corporation (GFN) Will Announce Quarterly Sales of $78.80 Million

Brokerages predict that General Finance Corporation (NASDAQ:GFN) will post $78.80 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for General Finance Corporation’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 Corporation posted 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 earnings results on Monday, February 5th.

According to Zacks, analysts expect that General Finance Corporation 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 year, analysts anticipate that the company will report sales of $326.50 million per share, with estimates ranging from $323.00 million to $330.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side 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) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). General Finance Corporation had a negative return on equity of 1.29% and a negative net margin of 0.73%. The business had revenue of $73.34 million for the quarter, compared to analyst estimates of $70.95 million.

Several equities analysts recently issued reports on GFN shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of General Finance Corporation in a research report on Wednesday, September 20th. ValuEngine upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered General Finance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Finally, TheStreet upgraded General Finance Corporation from a “d” rating to a “c-” rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. General Finance Corporation presently has an average rating of “Hold” and a consensus price target of $9.20.

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General Finance Corporation (GFN) opened at $6.10 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 3.93. General Finance Corporation has a 1 year low of $4.00 and a 1 year high of $6.15.

In other General Finance Corporation news, CEO Ronald Valenta acquired 12,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $5.04 per share, for a total transaction of $60,480.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry D. Tashjian acquired 5,200 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average price of $4.95 per share, with a total value of $25,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 48,302 shares of company stock valued at $242,941. Company insiders own 25.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gagnon Securities LLC purchased a new position in shares of General Finance Corporation in the 2nd quarter valued at approximately $10,892,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of General Finance Corporation 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 purchasing an additional 14,775 shares during the period. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 7,276 shares during the period. Citadel Advisors LLC purchased a new position in shares of General Finance Corporation in the 2nd quarter valued at approximately $134,000. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of General Finance Corporation in the 3rd quarter valued at approximately $120,000. Institutional investors own 18.98% of the company’s stock.

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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