Equities analysts predict that General Finance Co. (NASDAQ:GFN) will announce sales of $96.15 million for the current quarter, Zacks reports. Two analysts have provided estimates for General Finance’s earnings, with the highest sales estimate coming in at $98.10 million and the lowest estimate coming in at $94.20 million. General Finance posted sales of $93.83 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report before the market opens on Wednesday, September 11th.
According to Zacks, analysts expect that General Finance will report full-year sales of $378.10 million for the current year, with estimates ranging from $376.19 million to $380.00 million. For the next year, analysts anticipate that the firm will report 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 firms that that provide coverage for General Finance.
Several research analysts recently commented on GFN shares. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. ValuEngine downgraded shares of General Finance from a “hold” rating to a “sell” rating in a research report on Friday, May 17th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Monarch Partners Asset Management LLC purchased a new position in General Finance during the 1st quarter valued at about $654,000. BlackRock Inc. grew its position in shares of General Finance by 8.5% in the 4th quarter. BlackRock Inc. now owns 701,785 shares of the business services provider’s stock worth $7,095,000 after buying an additional 54,864 shares during the last quarter. Northern Trust Corp grew its position in shares of General Finance by 13.9% in the 4th quarter. Northern Trust Corp now owns 127,666 shares of the business services provider’s stock worth $1,290,000 after buying an additional 15,597 shares during the last quarter. Geode Capital Management LLC grew its position in shares of General Finance by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 171,543 shares of the business services provider’s stock worth $1,734,000 after buying an additional 16,779 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of 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 buying an additional 1,282 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.
GFN stock traded down $0.21 during trading on Friday, hitting $8.04. The company had a trading volume of 21,474 shares, compared to its average volume of 19,673. The firm has a market capitalization of $250.06 million, a P/E ratio of 134.00, a PEG ratio of 1.14 and a beta of 1.52. General Finance has a 52-week low of $6.95 and a 52-week high of $16.15. The company has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $8.72. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 3.18.
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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