General Finance Corporation (GFN) Set to Announce Earnings on Tuesday
General Finance Corporation (NASDAQ:GFN) is set to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect General Finance Corporation to post earnings of ($0.05) per share for the quarter.
General Finance Corporation (NASDAQ:GFN) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). General Finance Corporation had a negative net margin of 0.90% and a negative return on equity of 1.37%. The company had revenue of $73.34 million during the quarter, compared to the consensus estimate of $70.95 million. On average, analysts expect General Finance Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of General Finance Corporation (NASDAQ GFN) opened at $5.45 on Monday. General Finance Corporation has a 1 year low of $4.00 and a 1 year high of $5.90. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 1.94.
A number of research firms have recently weighed in on GFN. Zacks Investment Research downgraded shares of General Finance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of General Finance Corporation in a research report on Wednesday, September 20th. TheStreet raised shares of General Finance Corporation from a “d” rating to a “c-” rating in a research report on Wednesday, September 6th. Finally, ValuEngine upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.60.
In other news, Director Larry D. Tashjian bought 5,200 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were purchased at an average cost of $4.95 per share, with a total value of $25,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald Valenta bought 12,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of $5.04 per share, for a total transaction of $60,480.00. The disclosure for this purchase can be found here. Insiders acquired 48,302 shares of company stock worth $242,941 over the last quarter. 25.90% of the stock is currently owned by company insiders.
About General Finance Corporation
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.
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