Brokerages forecast that General Finance Co. (NASDAQ:GFN) will report sales of $78.80 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for General Finance’s earnings, with the highest sales estimate coming in at $83.10 million and the lowest estimate coming in at $74.50 million. General Finance reported sales of $72.33 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to report its next earnings results before the market opens on Monday, February 5th.

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 year, analysts expect that the business will report sales of $326.50 million per share, with estimates ranging from $323.00 million to $330.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow General Finance.

General Finance (NASDAQ:GFN) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. General Finance had a negative net margin of 0.73% and a negative return on equity of 1.29%.

Separately, Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.20.

General Finance (NASDAQ GFN) opened at $6.95 on Friday. General Finance has a twelve month low of $4.50 and a twelve month high of $7.15. The company has a current ratio of 1.58, a quick ratio of 1.05 and a debt-to-equity ratio of 3.93. The stock has a market cap of $185.01, a PE ratio of -33.10 and a beta of 1.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its stake in General Finance by 6.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,900 shares during the period. Litman Gregory Asset Management LLC bought a new stake in General Finance in the third quarter valued at about $120,000. Citadel Advisors LLC bought a new stake in General Finance in the second quarter valued at about $134,000. Finally, Valeo Financial Advisors LLC bought a new stake in General Finance in the third quarter valued at about $754,000. 27.57% of the stock is currently owned by institutional investors and hedge funds.

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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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