Brokerages Anticipate General Finance Co. (NASDAQ:GFN) Will Announce Quarterly Sales of $96.15 Million

Brokerages expect General Finance Co. (NASDAQ:GFN) to announce sales of $96.15 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 reported sales of $93.83 million in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The firm is expected to report its next earnings report on Wednesday, September 4th.

On average, analysts expect that General Finance will report full-year sales of $378.10 million for the current financial year, with estimates ranging from $376.19 million to $380.00 million. For the next financial year, analysts forecast that the firm will post sales of $392.00 million, with estimates ranging from $391.00 million to $393.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for General Finance.

Several research analysts have commented on the stock. ValuEngine downgraded shares of General Finance from a “hold” rating to a “sell” rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of General Finance by 163.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,685 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 61,781 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of General Finance in the 4th quarter valued at $129,000. Acadian Asset Management LLC boosted its stake in shares of General Finance by 26.4% in the 4th quarter. Acadian Asset Management LLC now owns 46,543 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 9,721 shares during the last quarter. BlackRock Inc. boosted its stake 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 valued at $7,095,000 after purchasing an additional 54,864 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of General Finance by 4.3% in the 4th quarter. Bank of New York Mellon Corp now owns 34,691 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 1,425 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

GFN stock opened at $8.15 on Wednesday. The stock has a market capitalization of $247.63 million, a P/E ratio of 135.83, a PEG ratio of 2.24 and a beta of 1.53. General Finance has a one year low of $7.03 and a one year high of $16.15. The business’s 50 day simple moving average is $8.06. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.62 and a quick ratio of 1.08.

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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Earnings History and Estimates for General Finance (NASDAQ:GFN)

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