General Finance (NASDAQ:GFN) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

General Finance (NASDAQ:GFN) announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12, Morningstar.com reports. General Finance had a net margin of 0.18% and a return on equity of 0.39%. The company had revenue of $92.13 million for the quarter, compared to analysts’ expectations of $78.80 million.

General Finance (NASDAQ:GFN) traded up $0.05 during trading on Thursday, hitting $7.50. 21,500 shares of the stock traded hands, compared to its average volume of 34,531. General Finance has a one year low of $4.50 and a one year high of $7.50. The firm has a market cap of $199.08, a price-to-earnings ratio of -68.18 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.

In related news, major shareholder Neil Gagnon sold 20,872 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7.47, for a total value of $155,913.84. Following the transaction, the insider now owns 957,493 shares in the company, valued at approximately $7,152,472.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 25.90% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of General Finance by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,900 shares during the period. Litman Gregory Asset Management LLC lifted its holdings in shares of General Finance by 46.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock worth $237,000 after acquiring an additional 11,111 shares during the period. Weil Company Inc. bought a new stake in shares of General Finance during the 4th quarter worth approximately $107,000. Deutsche Bank AG lifted its holdings in shares of General Finance by 118.5% during the 4th quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock worth $212,000 after acquiring an additional 16,944 shares during the period. Finally, Monashee Investment Management LLC bought a new stake in shares of General Finance during the 4th quarter worth approximately $171,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Several brokerages have commented on GFN. DA Davidson reissued a “buy” rating on shares of General Finance in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.20.

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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.

Earnings History for General Finance (NASDAQ:GFN)

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