$0.11 Earnings Per Share Expected for General Finance Co. (GFN) This Quarter
Wall Street analysts expect General Finance Co. (NASDAQ:GFN) to report earnings per share of $0.11 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for General Finance’s earnings. General Finance reported earnings of $0.08 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The business is expected to announce its next earnings results on Tuesday, February 5th.
On average, analysts expect that General Finance will report full-year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.31 to $0.33. For the next financial year, analysts expect that the business will report earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow General Finance.
General Finance (NASDAQ:GFN) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.10. The firm had revenue of $97.79 million for the quarter, compared to analyst estimates of $86.10 million. General Finance had a positive return on equity of 4.81% and a negative net margin of 2.29%.
GFN traded down $0.09 during mid-day trading on Wednesday, reaching $13.96. The stock had a trading volume of 1,993 shares, compared to its average volume of 66,811. The firm has a market capitalization of $425.48 million, a price-to-earnings ratio of 232.00, a PEG ratio of 3.04 and a beta of 1.33. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.95 and a current ratio of 1.44. General Finance has a 52 week low of $5.80 and a 52 week high of $16.15.
In related news, major shareholder Havner Family Trust purchased 10,000 shares of General Finance stock in a transaction dated Thursday, August 30th. The shares were acquired at an average cost of $13.24 per share, for a total transaction of $132,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Theodore M. Mourouzis sold 8,596 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $16.00, for a total value of $137,536.00. Following the completion of the transaction, the insider now owns 469,868 shares in the company, valued at $7,517,888. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 43,170 shares of company stock worth $592,248 and sold 213,046 shares worth $3,063,260. 23.00% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of GFN. Virtu Financial LLC bought a new position in shares of General Finance in the 2nd quarter worth $162,000. Citadel Advisors LLC acquired a new stake in General Finance during the 3rd quarter worth $165,000. Alambic Investment Management L.P. acquired a new stake in General Finance during the 3rd quarter worth $168,000. Russell Investments Group Ltd. acquired a new stake in General Finance during the 2nd quarter worth $206,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in General Finance during the 2nd quarter worth $244,000. Institutional investors and hedge funds own 22.73% of the company’s stock.
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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