Generac (GNRC) Scheduled to Post Earnings on Wednesday

Generac (NYSE:GNRCGet Rating) is set to announce its earnings results before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of $1.92 per share for the quarter. Generac has set its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Generac (NYSE:GNRCGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.13. Generac had a net margin of 14.73% and a return on equity of 34.50%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted $2.12 EPS. Generac’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, analysts expect Generac to post $11 EPS for the current fiscal year and $14 EPS for the next fiscal year.

GNRC opened at $229.95 on Wednesday. Generac has a 12-month low of $228.88 and a 12-month high of $524.31. The company has a current ratio of 1.60, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $14.67 billion, a PE ratio of 27.67, a P/E/G ratio of 1.58 and a beta of 1.00. The firm has a 50 day moving average of $293.54 and a two-hundred day moving average of $344.58.

In other news, CEO Aaron Jagdfeld sold 34,894 shares of Generac stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $282.46, for a total transaction of $9,856,159.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Russell S. Minick sold 11,389 shares of Generac stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $318.01, for a total transaction of $3,621,815.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,283 shares of company stock worth $16,544,125. Insiders own 2.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Generac in the fourth quarter valued at approximately $33,000. Neo Ivy Capital Management purchased a new stake in Generac in the fourth quarter valued at approximately $140,000. Forum Financial Management LP purchased a new stake in Generac in the fourth quarter valued at approximately $236,000. Horizon Investments LLC raised its position in Generac by 27.5% in the fourth quarter. Horizon Investments LLC now owns 1,299 shares of the technology company’s stock valued at $457,000 after purchasing an additional 280 shares during the period. Finally, Marshall Wace LLP raised its position in Generac by 50.2% in the fourth quarter. Marshall Wace LLP now owns 1,591 shares of the technology company’s stock valued at $561,000 after purchasing an additional 532 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of Generac from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, April 22nd. Canaccord Genuity Group dropped their target price on Generac from $575.00 to $556.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. StockNews.com assumed coverage on Generac in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Oppenheimer cut their price target on Generac from $540.00 to $450.00 and set an “outperform” rating for the company in a research note on Thursday, February 17th. Finally, Citigroup lifted their price target on Generac from $375.00 to $380.00 and gave the company a “buy” rating 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 company’s stock. According to MarketBeat.com, Generac presently has an average rating of “Buy” and a consensus target price of $451.45.

Generac Company Profile (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

See Also

Earnings History for Generac (NYSE:GNRC)

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