Generac Holdings Inc. (NYSE:GNRC) Expected to Post Quarterly Sales of $1.08 Billion

Wall Street analysts predict that Generac Holdings Inc. (NYSE:GNRC – Get Rating) will post $1.08 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Generac’s earnings, with estimates ranging from $1.06 billion to $1.10 billion. Generac posted sales of $807.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.8%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Generac will report full-year sales of $5.00 billion for the current year, with estimates ranging from $4.97 billion to $5.03 billion. For the next fiscal year, analysts expect that the business will report sales of $5.60 billion, with estimates ranging from $5.40 billion to $5.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Generac.

Generac (NYSE:GNRC – Get Rating) last announced its quarterly earnings data on Tuesday, February 15th. The technology company reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.13. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. Generac had a net margin of 14.73% and a return on equity of 34.50%. The company’s revenue was up 40.2% on a year-over-year basis. During the same period last year, the firm earned $2.12 EPS.

A number of brokerages recently weighed in on GNRC. Bank of America upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $475.00 price objective for the company in a report on Thursday, December 16th. Citigroup boosted their target price on shares of Generac from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, February 17th. StockNews.com assumed coverage on shares of Generac in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Oppenheimer dropped their price objective on shares of Generac from $540.00 to $450.00 and set an “outperform” rating on the stock in a report on Thursday, February 17th. Finally, UBS Group decreased their target price on shares of Generac from $575.00 to $556.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $462.25.

In other Generac news, CMO Russell S. Minick sold 11,389 shares of Generac stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $318.01, for a total transaction of $3,621,815.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 34,894 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $282.46, for a total value of $9,856,159.24. The disclosure for this sale can be found here. Insiders sold 56,283 shares of company stock worth $16,544,125 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of GNRC. Greenleaf Trust grew its position in Generac by 0.6% in the third quarter. Greenleaf Trust now owns 3,957 shares of the technology company’s stock valued at $1,617,000 after acquiring an additional 25 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in Generac by 2.6% in the third quarter. YorkBridge Wealth Partners LLC now owns 1,008 shares of the technology company’s stock valued at $412,000 after buying an additional 26 shares during the period. Bbva USA lifted its stake in Generac by 22.1% in the third quarter. Bbva USA now owns 166 shares of the technology company’s stock valued at $68,000 after buying an additional 30 shares during the period. Aldebaran Financial Inc. raised its position in shares of Generac by 2.7% during the fourth quarter. Aldebaran Financial Inc. now owns 1,355 shares of the technology company’s stock worth $477,000 after purchasing an additional 35 shares during the period. Finally, Neville Rodie & Shaw Inc. raised its position in shares of Generac by 2.2% during the first quarter. Neville Rodie & Shaw Inc. now owns 1,620 shares of the technology company’s stock worth $488,000 after purchasing an additional 35 shares during the period. Institutional investors own 88.54% of the company’s stock.

Shares of NYSE:GNRC traded down $6.83 on Friday, reaching $280.58. The company’s stock had a trading volume of 18,849 shares, compared to its average volume of 834,204. Generac has a 52-week low of $251.74 and a 52-week high of $524.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.60. The company has a 50-day simple moving average of $300.92 and a 200 day simple moving average of $357.75. The company has a market cap of $17.90 billion, a P/E ratio of 34.59, a PEG ratio of 1.87 and a beta of 1.00.

About Generac (Get Rating)

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.

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