General Finance Co. (GFN) Expected to Announce Quarterly Sales of $78.80 Million

Brokerages forecast that General Finance Co. (NASDAQ:GFN) will report sales of $78.80 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for General Finance’s earnings, with the highest sales estimate coming in at $83.10 million and the lowest estimate coming in at $74.50 million. General Finance reported sales of $72.33 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to report its next earnings results before the market opens on Monday, February 5th.

According to Zacks, analysts expect that General Finance will report full year sales of $78.80 million for the current financial year, with estimates ranging from $300.42 million to $315.00 million. For the next year, analysts expect that the business will report sales of $326.50 million per share, with estimates ranging from $323.00 million to $330.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow General Finance.

General Finance (NASDAQ:GFN) last issued its earnings results on Tuesday, November 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. General Finance had a negative return on equity of 1.29% and a negative net margin of 0.73%.

Separately, Zacks Investment Research lowered General Finance from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.20.

General Finance (NASDAQ GFN) opened at $6.95 on Friday. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.58 and a quick ratio of 1.05. The firm has a market capitalization of $185.01, a price-to-earnings ratio of -33.10 and a beta of 1.30. General Finance has a 52-week low of $4.50 and a 52-week high of $7.15.

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in General Finance by 6.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 1,900 shares during the period. Litman Gregory Asset Management LLC acquired a new stake in shares of General Finance during the third quarter valued at about $120,000. Citadel Advisors LLC acquired a new stake in shares of General Finance during the second quarter valued at about $134,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of General Finance during the third quarter valued at about $754,000. 27.57% of the stock is currently owned by institutional investors.

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About General Finance

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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