Analysts Expect General Finance Co. (NASDAQ:GFN) Will Post Quarterly Sales of $96.15 Million

Wall Street analysts expect that General Finance Co. (NASDAQ:GFN) will announce $96.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for General Finance’s earnings, with estimates ranging from $94.20 million to $98.10 million. General Finance posted sales of $93.83 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The firm is expected to report its next quarterly earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that General Finance will report full year sales of $378.10 million for the current fiscal year, with estimates ranging from $376.19 million to $380.00 million. For the next fiscal year, analysts expect that the business will report sales of $392.00 million, with estimates ranging from $391.00 million to $393.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for General Finance.

GFN has been the topic of a number of recent research reports. Zacks Investment Research upgraded General Finance from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Monday, May 13th. ValuEngine downgraded General Finance from a “hold” rating to a “sell” rating in a report on Friday, May 17th.

Hedge funds have recently modified their holdings of the company. Monarch Partners Asset Management LLC purchased a new position in shares of General Finance during the first quarter valued at $654,000. JPMorgan Chase & Co. grew its holdings in shares of General Finance by 163.0% during the third quarter. JPMorgan Chase & Co. now owns 99,685 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 61,781 shares in the last quarter. BlackRock Inc. grew its holdings in shares of General Finance by 8.5% during the fourth quarter. BlackRock Inc. now owns 701,785 shares of the business services provider’s stock valued at $7,095,000 after buying an additional 54,864 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of General Finance by 26.4% during the fourth quarter. Acadian Asset Management LLC now owns 46,543 shares of the business services provider’s stock valued at $471,000 after buying an additional 9,721 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of General Finance during the fourth quarter valued at $217,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

Shares of NASDAQ GFN traded down $0.45 during mid-day trading on Wednesday, reaching $7.20. The company had a trading volume of 2,991 shares, compared to its average volume of 40,540. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.08 and a current ratio of 1.62. The stock has a market capitalization of $246.72 million, a PE ratio of 121.00, a PEG ratio of 1.13 and a beta of 1.53. The business has a 50-day moving average price of $8.01. General Finance has a 1-year low of $7.03 and a 1-year high of $16.15.

About General Finance

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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