General Finance (NASDAQ:GFN) Announces Earnings Results

General Finance (NASDAQ:GFN) issued its quarterly earnings results on Wednesday. The business services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05, Morningstar.com reports. General Finance had a net margin of 0.38% and a return on equity of 11.68%. The firm had revenue of $96.21 million during the quarter, compared to the consensus estimate of $96.15 million. General Finance updated its FY 2020 guidance to EPS.

Shares of General Finance stock opened at $9.07 on Friday. 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 has a fifty-two week low of $6.95 and a fifty-two week high of $16.15. The firm has a fifty day moving average price of $7.76 and a two-hundred day moving average price of $8.53. The company has a market cap of $217.93 million, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53.

A number of analysts have weighed in on the stock. ValuEngine downgraded shares of General Finance from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th.

Large investors have recently added to or reduced their stakes in the company. Monarch Partners Asset Management LLC bought a new position in shares of General Finance during the 1st quarter worth about $654,000. Gagnon Securities LLC lifted its holdings in shares of General Finance by 4.5% during the 2nd quarter. Gagnon Securities LLC now owns 2,099,836 shares of the business services provider’s stock worth $17,576,000 after acquiring an additional 90,331 shares during the period. Bank of America Corp DE lifted its holdings in shares of General Finance by 13.5% during the 4th quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,282 shares during the period. Deutsche Bank AG lifted its holdings in shares of General Finance by 206.1% during the 4th quarter. Deutsche Bank AG now owns 93,173 shares of the business services provider’s stock worth $940,000 after acquiring an additional 62,735 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of General Finance during the 2nd quarter worth about $100,000. 23.96% of the stock is owned by institutional investors.

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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Earnings History for General Finance (NASDAQ:GFN)

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