General Finance Gets a Hold Rating from Oppenheimer

In a report released today, Scott Schneeberger from Oppenheimer assigned a Hold rating to General Finance (NASDAQ: GFN). The company’s shares opened today at $10.90, equals to its 52-week high of $10.90.

Schneeberger said:

“F3Q18 total revenue/EBITDA exceeded expectations and grew 23%/49% y/y, respectively, as business conditions improved broadly. F3Q18 adjusted EPS of -$0.06 compared to our estimate/consensus/F3Q17 of -$0.07/-$0.06/-$0.08, respectively. Considering its F3Q18-YTD outperformance, GFN now expects FY18 revenue of $335-$340M (+21% to +23% y/y) vs. previous guidance of $320-$330M. It expects to now achieve FY18 adjusted EBITDA growth of +39% to +41% y/y vs. its previous guidance of +28% to +34% y/y. This implies anticipated FY18 adjusted EBITDA of $84.8-$86.0M vs. previous implied guidance of $78.1-$81.7M. We’re correspondingly increasing our FY18E/FY19E adjusted EBITDA to $85.4M (+40% y/y; from $79.9M)/ $90.7M (+6% y/y; from $86.1M), respectively.”

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 13.4% and a 69.2% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, Landstar System Inc, and XPO Logistics.

General Finance has an analyst consensus of Moderate Buy, with a price target consensus of $13.

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Based on General Finance’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $563K. In comparison, last year the company had a GAAP net loss of $1.16 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Christopher A. Wilson, the General Counsel, VP, Secretary of GFN sold 6,361 shares for a total of $45,966.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

General Finance Corp. is a rental services company, which engages in the lease and sale of portable storage containers. It includes liquid containment and modular space solutions. The company was founded on October 14, 2005 and is headquartered in Pasadena, CA.