Wall Street brokerages expect that General Finance Co. (NASDAQ:GFN) will post sales of $86.10 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for General Finance’s earnings. The highest sales estimate is $86.20 million and the lowest is $86.00 million. General Finance reported sales of $76.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The firm is scheduled to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that General Finance will report full year sales of $363.55 million for the current financial year, with estimates ranging from $362.10 million to $365.00 million. For the next fiscal year, analysts expect that the business will post sales of $376.50 million per share, with estimates ranging from $373.00 million to $380.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for General Finance.

Separately, Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th.

Shares of GFN opened at $14.40 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 4.20. General Finance has a 12 month low of $4.90 and a 12 month high of $15.40. The firm has a market cap of $411.90 million, a price-to-earnings ratio of 240.00, a price-to-earnings-growth ratio of 6.01 and a beta of 1.18.

In other General Finance news, insider Theodore M. Mourouzis sold 38,467 shares of the stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $12.00, for a total transaction of $461,604.00. Following the sale, the insider now directly owns 487,726 shares in the company, valued at approximately $5,852,712. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Leeann R. Havner bought 15,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were acquired at an average price of $11.95 per share, for a total transaction of $179,250.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 332,534 shares of company stock worth $4,327,341 and have sold 293,287 shares worth $4,077,404. Company insiders own 25.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of General Finance during the 2nd quarter valued at $325,000. Renaissance Technologies LLC lifted its holdings in shares of General Finance by 80.5% during the 2nd quarter. Renaissance Technologies LLC now owns 436,315 shares of the business services provider’s stock valued at $5,912,000 after buying an additional 194,615 shares during the period. BlackRock Inc. lifted its holdings in shares of General Finance by 1,611.3% during the 2nd quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock valued at $6,629,000 after buying an additional 460,633 shares during the period. Royce & Associates LP lifted its holdings in shares of General Finance by 111.6% during the 2nd quarter. Royce & Associates LP now owns 45,025 shares of the business services provider’s stock valued at $610,000 after buying an additional 23,748 shares during the period. Finally, Spark Investment Management LLC lifted its holdings in shares of General Finance by 137.3% during the 2nd quarter. Spark Investment Management LLC now owns 26,100 shares of the business services provider’s stock valued at $353,000 after buying an additional 15,100 shares during the period. 23.44% of the stock is currently owned by hedge funds and other institutional investors.

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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