Neff Corp (NEFF) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.16. The company posted revenue of $89.60 million in the period, compared to analysts expectations of $85.45 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Neff Corp. Neff Corp was Downgraded by BofA/Merrill to ” Underperform” on Mar 14, 2016. Neff Corp was Upgraded by BofA/Merrill to ” Neutral” on Feb 24, 2016.
Neff Corp opened for trading at $7.56 and hit $7.78 on the upside on Friday, eventually ending the session at $7.69, with a gain of 1.32% or 0.1 points. The heightened volatility saw the trading volume jump to 80,834 shares. Company has a market cap of $195 M.
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.