Equities analysts expect General Finance Co. (NASDAQ:GFN) to announce sales of $93.18 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for General Finance’s earnings. The highest sales estimate is $93.75 million and the lowest is $92.60 million. General Finance reported sales of $97.79 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The company is scheduled to issue its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that General Finance will report full year sales of $380.00 million for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report sales of $388.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow General Finance.
General Finance (NASDAQ:GFN) last issued its quarterly earnings data on Wednesday, September 11th. The business services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. General Finance had a net margin of 0.38% and a return on equity of 11.65%. The firm had revenue of $96.21 million for the quarter, compared to analyst estimates of $96.15 million.
Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of General Finance by 13.5% during the 4th quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock valued at $108,000 after buying an additional 1,282 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of General Finance by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 154,238 shares of the business services provider’s stock valued at $1,291,000 after buying an additional 2,950 shares during the last quarter. Royal Bank of Canada grew its position in shares of General Finance by 1,027.6% during the 2nd quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,463 shares during the last quarter. Northern Trust Corp grew its position in shares of General Finance by 3.3% during the 2nd quarter. Northern Trust Corp now owns 133,023 shares of the business services provider’s stock valued at $1,113,000 after buying an additional 4,266 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of General Finance by 14.3% during the 1st quarter. Royce & Associates LP now owns 48,025 shares of the business services provider’s stock valued at $448,000 after buying an additional 6,000 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.
GFN stock traded up $0.09 during trading on Wednesday, reaching $8.43. The stock had a trading volume of 10,974 shares, compared to its average volume of 38,489. General Finance has a 1-year low of $6.95 and a 1-year high of $16.01. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $257.35 million, a P/E ratio of 30.11, a PEG ratio of 1.07 and a beta of 1.55. The firm has a fifty day moving average price of $8.41 and a 200 day moving average price of $8.43.
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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