U.S. Markets close in 1 hr 28 mins

General Finance Corporation (GFNCP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
101.21+0.02 (+0.02%)
As of 2:40PM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close101.19
Bid0.00 x 2200
Ask0.00 x 800
Day's Range101.18 - 101.34
52 Week Range96.50 - 105.88
Avg. Volume2,192
Market Cap240.014M
Beta (5Y Monthly)1.32
PE Ratio (TTM)2,468.54
EPS (TTM)0.04
Earnings DateNov 09, 2020
Forward Dividend & Yield8.90 (8.77%)
Ex-Dividend DateApr 28, 2021
1y Target EstN/A
  • United Rentals Completes Takeover of General Finance Corporation

    United Rentals Completes Takeover of General Finance Corporation

    United Rentals, Inc. (URI) revealed that it has completed the formerly announced acquisition of General Finance Corporation (GFN). Shares of the equipment rental company have gained 137% over the past year. United Rentals CEO Matthew Flannery commented, “We’re delighted to welcome our new customers and team members to United Rentals. This is an acquisition with strong strategic and financial merits, timed to serve the increasing demand in our end markets. It expands our growth capacity with the addition of leading mobile storage and modular office solutions, including over 900 employees with complementary expertise. As customers turn to us for the equipment they need, we’re giving them the industry’s most complete range of solutions to help them succeed.” Management will update its financial guidance for FY2021 to include the merger in its upcoming second-quarter earnings report in July. (See United Rentals stock analysis on TipRanks) Per the terms of the deal, UR Merger Sub VI Corporation, a wholly-owned subsidiary of United Rentals bought all the shares of General Finance for $19 per share in cash resulting in an enterprise value of $996 million, including net debt of $400 million. General Finance’s preferred stock outstanding will be redeemed per their terms, and shares and debt will be delisted from the NASDAQ Global Select Market. On May 4, Argus Research analyst John Eade reiterated a Buy rating and increased the price target from $280 to $360 (11% upside potential) on the stock. Eade was impressed by the upbeat Q1 results and improving volume trends seen in the last quarter. He further estimates positive indicators to persist in the coming months. Overall, the stock has a Moderate Buy consensus rating with 5 Buys, 4 Holds, and 2 Sells. The average analyst price target of $338.70 implies 4.4% upside potential from current levels. Related News: Cisco’s Q4 Earnings Outlook Miss Estimates After Q3 Beat; Shares Drop After-Hours Shoe Carnival Posts Quarterly Beat As Sales Improve, Q2 Revenue Outlook Disappoints Lennox Bumps Up Quarterly Dividend By 19% More recent articles from Smarter Analyst: InterActiveCorp Completes Spin-off, VMEO listed on NASDAQ Synchrony Financial to Repurchase Stock Worth $2.9B Horizon Bancorp to Acquire 14 TCF National Bank Branches; Shares Fall 4% Vext Science Q1 Revenue More Than Doubles, Posts $0.01 in Adjusted Profit

  • United Rentals (URI) Buys General Finance for $19 Per Share

    United Rentals (URI) Buys General Finance for $19 Per Share

    United Rentals (URI) boosts portfolio with the addition of General Finance, a leading provider of mobile storage and modular office space.

  • Is General Finance Corporation's (NASDAQ:GFN) 12% ROE Strong Compared To Its Industry?
    Simply Wall St.

    Is General Finance Corporation's (NASDAQ:GFN) 12% ROE Strong Compared To Its Industry?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...