General Finance Co. (NASDAQ:GFN) – Equities researchers at Oppenheimer raised their Q2 2019 earnings per share estimates for General Finance in a report issued on Wednesday, November 7th, Zacks Investment Research reports. Oppenheimer analyst S. Schneeberger now anticipates that the business services provider will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.08. Oppenheimer also issued estimates for General Finance’s Q3 2019 earnings at $0.11 EPS and FY2021 earnings at $0.61 EPS.
General Finance (NASDAQ:GFN) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. The firm had revenue of $97.79 million for the quarter, compared to the consensus estimate of $86.10 million. General Finance had a positive return on equity of 4.81% and a negative net margin of 2.29%.
Shares of GFN stock traded up $0.28 during trading hours on Friday, reaching $13.93. The company had a trading volume of 57,700 shares, compared to its average volume of 90,830. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 2.93. The company has a market cap of $413.36 million, a P/E ratio of 231.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.33. General Finance has a 1-year low of $6.20 and a 1-year high of $16.15.
A number of institutional investors have recently modified their holdings of the stock. Gagnon Securities LLC raised its stake in General Finance by 9.0% during the 3rd quarter. Gagnon Securities LLC now owns 2,004,741 shares of the business services provider’s stock worth $31,976,000 after buying an additional 166,257 shares during the period. Renaissance Technologies LLC increased its holdings in General Finance by 62.8% during the 3rd quarter. Renaissance Technologies LLC now owns 710,340 shares of the business services provider’s stock worth $11,330,000 after purchasing an additional 274,025 shares in the last quarter. BlackRock Inc. increased its holdings in General Finance by 32.2% during the 3rd quarter. BlackRock Inc. now owns 646,921 shares of the business services provider’s stock worth $10,318,000 after purchasing an additional 157,700 shares in the last quarter. Bridgeway Capital Management Inc. increased its holdings in General Finance by 18.8% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 339,987 shares of the business services provider’s stock worth $5,423,000 after purchasing an additional 53,900 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in General Finance by 285.0% during the 1st quarter. Millennium Management LLC now owns 150,161 shares of the business services provider’s stock worth $1,089,000 after purchasing an additional 111,158 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Theodore M. Mourouzis sold 11,525 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $15.30, for a total transaction of $176,332.50. Following the sale, the insider now owns 467,299 shares of the company’s stock, valued at approximately $7,149,674.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Neil Gagnon sold 2,077 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.28, for a total value of $29,659.56. The disclosure for this sale can be found here. In the last three months, insiders sold 154,103 shares of company stock worth $2,229,487. 23.00% of the stock is currently owned by company insiders.
About General Finance
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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