General Finance Co. (NASDAQ:GFN) – Stock analysts at DA Davidson upped their Q2 2019 earnings per share estimates for shares of General Finance in a report issued on Wednesday, November 7th. DA Davidson analyst B. Thielman now expects that the business services provider will earn $0.11 per share for the quarter, up from their previous forecast of $0.08. DA Davidson also issued estimates for General Finance’s Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.14 EPS, FY2019 earnings at $0.31 EPS and FY2020 earnings at $0.55 EPS.
General Finance (NASDAQ:GFN) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.10. The company had revenue of $97.79 million for the quarter, compared to the consensus estimate of $86.10 million. General Finance had a negative net margin of 2.29% and a positive return on equity of 5.13%.
Separately, Zacks Investment Research raised shares of General Finance from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Friday, September 7th.
NASDAQ:GFN opened at $15.12 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 4.20. The company has a market cap of $447.89 million, a price-to-earnings ratio of 252.00, a P/E/G ratio of 5.85 and a beta of 1.33. General Finance has a fifty-two week low of $5.25 and a fifty-two week high of $16.15.
Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new position in shares of General Finance in the 2nd quarter valued at $244,000. Renaissance Technologies LLC raised its stake in shares of General Finance by 80.5% in the 2nd quarter. Renaissance Technologies LLC now owns 436,315 shares of the business services provider’s stock valued at $5,912,000 after acquiring an additional 194,615 shares during the period. BlackRock Inc. raised its stake in shares of General Finance by 1,611.3% in the 2nd quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock valued at $6,629,000 after acquiring an additional 460,633 shares during the period. Royce & Associates LP raised its stake in shares of General Finance by 111.6% in the 2nd quarter. Royce & Associates LP now owns 45,025 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 23,748 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of General Finance by 218.0% in the 2nd quarter. Acadian Asset Management LLC now owns 47,646 shares of the business services provider’s stock valued at $646,000 after acquiring an additional 32,662 shares during the period. 20.92% of the stock is currently owned by institutional investors and hedge funds.
In other General Finance news, major shareholder Ronald L. Havner, Jr. bought 38,500 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average price of $13.73 per share, with a total value of $528,605.00. Following the purchase, the insider now owns 691,795 shares in the company, valued at approximately $9,498,345.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Theodore M. Mourouzis sold 8,596 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $16.00, for a total transaction of $137,536.00. Following the completion of the transaction, the insider now directly owns 469,868 shares in the company, valued at approximately $7,517,888. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 106,765 shares of company stock worth $1,459,200 and have sold 233,818 shares worth $3,353,946. Company insiders own 23.00% of the company’s stock.
General Finance Company Profile
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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