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

Brokerages predict that General Finance Co. (NASDAQ:GFN) will report sales of $96.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for General Finance’s earnings. The lowest sales estimate is $94.20 million and the highest is $98.10 million. General Finance posted sales of $93.83 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to issue 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 financial year, analysts anticipate that the business will post sales of $392.00 million, with estimates ranging from $391.00 million to $393.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow General Finance.

A number of equities research analysts have issued reports on GFN shares. Zacks Investment Research raised General Finance from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, May 13th. ValuEngine cut General Finance from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Finally, DA Davidson reissued a “buy” rating on shares of General Finance in a research report on Monday, February 11th.



Shares of General Finance stock opened at $8.25 on Friday. The company has a market cap of $268.24 million, a price-to-earnings ratio of 137.50, a P/E/G ratio of 2.37 and a beta of 1.45. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.62 and a quick ratio of 0.96. General Finance has a 12-month low of $7.75 and a 12-month high of $16.15.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Interstate Bank bought a new stake in shares of General Finance in the fourth quarter valued at approximately $45,000. Marshall Wace LLP acquired a new position in shares of General Finance in the first quarter valued at $81,000. Bank of America Corp DE raised its stake in shares of General Finance by 13.5% in the fourth quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 1,282 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of General Finance in the fourth quarter valued at $129,000. Finally, Squarepoint Ops LLC acquired a new position in shares of General Finance in the fourth quarter valued at $217,000. 24.25% of the stock is owned by 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.

Featured Article: Why does a company issue an IPO?

Get a free copy of the Zacks research report on General Finance (GFN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for General Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance and related companies with MarketBeat.com's FREE daily email newsletter.