General Finance (GFN) Posts Earnings Results, Beats Estimates By $0.12 EPS

General Finance (NASDAQ:GFN) posted its quarterly earnings results on Tuesday. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12, Morningstar.com reports. General Finance had a return on equity of 0.36% and a net margin of 0.18%. The business had revenue of $92.13 million for the quarter, compared to the consensus estimate of $78.80 million.

General Finance (NASDAQ:GFN) traded up $0.10 on Thursday, hitting $7.30. The stock had a trading volume of 17,737 shares, compared to its average volume of 34,053. General Finance has a fifty-two week low of $4.50 and a fifty-two week high of $7.50. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 3.93. The company has a market cap of $191.06, a P/E ratio of -65.45 and a beta of 1.19.

A number of research firms have recently issued reports on GFN. DA Davidson reissued a “buy” rating on shares of General Finance in a research report on Wednesday. Zacks Investment Research raised General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.20.

Several institutional investors and hedge funds have recently bought and sold shares of GFN. Citadel Advisors LLC bought a new position in shares of General Finance during the 2nd quarter worth $134,000. Raymond James Financial Services Advisors Inc. grew its position 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 buying an additional 1,900 shares in the last quarter. Litman Gregory Asset Management LLC bought a new position in shares of General Finance during the 3rd quarter worth $120,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of General Finance during the 3rd quarter worth $754,000. 27.25% of the stock is currently owned by institutional investors and hedge funds.

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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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