Somewhat Favorable News Coverage Somewhat Unlikely to Impact General Finance Corporation (GFN) Share Price
Media stories about General Finance Corporation (NASDAQ:GFN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Finance Corporation earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 47.1360529661005 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of General Finance Corporation (NASDAQ:GFN) traded down $0.05 during midday trading on Monday, hitting $5.40. 1,809 shares of the company were exchanged, compared to its average volume of 10,957. General Finance Corporation has a fifty-two week low of $4.00 and a fifty-two week high of $5.90. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.
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 for the quarter, meeting analysts’ consensus estimates of ($0.07). General Finance Corporation had a negative net margin of 0.90% and a negative return on equity of 1.37%. The business had revenue of $73.34 million for the quarter, compared to analysts’ expectations of $70.95 million. analysts predict that General Finance Corporation will post -0.16 earnings per share for the current fiscal year.
GFN has been the subject of several analyst reports. TheStreet raised shares of General Finance Corporation from a “d” rating to a “c-” rating in a report on Wednesday, September 6th. ValuEngine raised shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of General Finance Corporation in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $7.60.
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In other General Finance Corporation news, Director Larry D. Tashjian purchased 5,200 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $4.95 per share, for a total transaction of $25,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald Valenta purchased 12,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $5.04 per share, for a total transaction of $60,480.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 48,302 shares of company stock worth $242,941. Company insiders own 25.90% of the company’s stock.
General Finance Corporation 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.
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