Neff Corp (NEFF) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Neff Corp (NEFF) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.36. The company posted revenue of $99.70 million in the period, compared to analysts expectations of $99.02 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Neff Corp closed down -1.3 points or -12.44% at $9.15 with 2,07,115 shares getting traded on Thursday. Post opening the session at $10.02, the shares hit an intraday low of $8.77 and an intraday high of $10.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Nov 25, 2015, Michael Sileck (director) purchased 7,000 shares at $8.12 per share price. According to the SEC, on Nov 19, 2015, Westley Parks (COO) purchased 4,000 shares at $7.24 per share price. On Nov 19, 2015, Graham Hood (CEO) purchased 10,000 shares at $7.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Neff Corporation is an equipment rental company. The Company’s operations are focused on the Sunbelt states. The Company offers an array of equipment rental solutions for its customer base including non-residential construction oil and gas and residential construction customers. The Company’s fleet of equipment includes earthmoving material handling aerial and other rental equipment. Its earthmoving equipment include consist of excavators backhoes loaders bulldozers mini-excavators trenchers sweepers and tractors track loaders and skid steers. Its material handling equipment includes reach forklifts industrial forklifts and straight-mast forklifts. Its aerial equipment includes personnel lifts electric scissor lifts dual fuel scissor lifts articulating boom lifts and straight boom lifts. Its other rental equipment includes compaction and concrete trucks and trailers sweepers air equipment generators welders lighting pumps and other small equipment and tools.

Neff Corp

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