Zacks: Brokerages Expect General Finance Co. (GFN) Will Announce Earnings of -$0.01 Per Share

Brokerages predict that General Finance Co. (NASDAQ:GFN) will announce earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for General Finance’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.01). General Finance posted earnings per share of ($0.04) in the same quarter last year, which suggests a positive year over year growth rate of 75%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, November 6th.

On average, analysts expect that General Finance will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.24. For the next fiscal year, analysts anticipate that the company will post earnings of $0.41 per share, with EPS estimates ranging from $0.39 to $0.43. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for General Finance.

Separately, Zacks Investment Research upgraded General Finance from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, July 5th.

Shares of GFN stock opened at $13.89 on Friday. General Finance has a twelve month low of $5.25 and a twelve month high of $16.15. The company has a market capitalization of $438.63 million, a price-to-earnings ratio of 231.50, a P/E/G ratio of 5.74 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 4.20.

In other news, insider Theodore M. Mourouzis sold 11,525 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $15.30, for a total value of $176,332.50. Following the completion of the sale, the insider now directly owns 467,299 shares of the company’s stock, valued at approximately $7,149,674.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Neil Gagnon sold 14,601 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $14.00, for a total value of $204,414.00. Following the completion of the sale, the insider now directly owns 691,795 shares of the company’s stock, valued at $9,685,130. The disclosure for this sale can be found here. Over the last three months, insiders bought 165,097 shares of company stock valued at $2,244,065 and sold 266,432 shares valued at $3,810,542. 25.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Capital Management LLC acquired a new position in General Finance during the third quarter worth $720,000. Northern Trust Corp raised its holdings in General Finance by 620.0% during the second quarter. Northern Trust Corp now owns 109,121 shares of the business services provider’s stock worth $1,479,000 after purchasing an additional 93,965 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in General Finance during the second quarter worth $325,000. Renaissance Technologies LLC raised its holdings in General Finance by 80.5% during the second quarter. Renaissance Technologies LLC now owns 436,315 shares of the business services provider’s stock worth $5,912,000 after purchasing an additional 194,615 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in General Finance by 1,611.3% during the second quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock worth $6,629,000 after purchasing an additional 460,633 shares during the last quarter. 20.72% of the stock is owned by institutional investors and hedge funds.

General Finance Company Profile

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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Earnings History and Estimates for General Finance (NASDAQ:GFN)

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