General Finance (NASDAQ:GFN) posted its quarterly earnings data on Wednesday. The business services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05, Morningstar.com reports. The firm had revenue of $96.21 million for the quarter, compared to analysts’ expectations of $96.15 million. General Finance had a negative net margin of 3.85% and a positive return on equity of 7.90%. General Finance updated its FY 2020 guidance to EPS.
Shares of NASDAQ:GFN opened at $7.50 on Friday. The stock has a market cap of $212.17 million, a PE ratio of 26.79, a PEG ratio of 0.97 and a beta of 1.53. The company’s fifty day moving average is $7.73 and its 200 day moving average is $8.54. General Finance has a 52 week low of $6.95 and a 52 week high of $16.15. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 3.18.
A number of institutional investors have recently made changes to their positions in GFN. Bank of America Corp DE grew its holdings in General Finance by 13.5% in the 4th quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,282 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of General Finance by 206.1% during the 4th quarter. Deutsche Bank AG now owns 93,173 shares of the business services provider’s stock valued at $940,000 after purchasing an additional 62,735 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of General Finance during the 1st quarter valued at about $654,000. Royce & Associates LP boosted its stake 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 purchasing an additional 6,000 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of General Finance during the 1st quarter valued at about $81,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.
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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