Zacks: Analysts Anticipate Generac Holdings Inc. (NYSE:GNRC) Will Announce Earnings of $1.90 Per Share

Equities research analysts expect that Generac Holdings Inc. (NYSE:GNRCGet Rating) will post earnings of $1.90 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Generac’s earnings, with the highest EPS estimate coming in at $2.00 and the lowest estimate coming in at $1.79. Generac reported earnings per share of $2.38 in the same quarter last year, which would suggest a negative year over year growth rate of 20.2%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Generac will report full-year earnings of $11.46 per share for the current fiscal year, with EPS estimates ranging from $10.75 to $11.90. For the next year, analysts anticipate that the business will post earnings of $13.78 per share, with EPS estimates ranging from $10.77 to $16.09. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Generac.

Generac (NYSE:GNRCGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The technology company reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.13. Generac had a return on equity of 34.50% and a net margin of 14.73%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $2.12 EPS. The company’s revenue was up 40.2% on a year-over-year basis.

Several research firms have recently weighed in on GNRC. Credit Suisse Group lifted their target price on shares of Generac from $451.00 to $456.00 and gave the company an “outperform” rating in a report on Thursday, February 17th. Citigroup upped their price objective 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. Robert W. Baird dropped their target price on Generac from $471.00 to $400.00 in a research report on Thursday, February 17th. Truist Financial reduced their price target on Generac from $500.00 to $425.00 and set a “buy” rating for the company in a report on Monday, January 24th. Finally, Piper Sandler dropped their price objective on Generac from $474.00 to $350.00 in a report on Thursday, April 21st. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $451.45.

Shares of NYSE:GNRC opened at $230.32 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. Generac has a 12-month low of $228.88 and a 12-month high of $524.31. The business has a 50 day moving average of $292.09 and a two-hundred day moving average of $343.79. The company has a market capitalization of $14.69 billion, a PE ratio of 27.72, a PEG ratio of 1.58 and a beta of 1.00.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $314.49, for a total value of $1,572,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Russell S. Minick sold 11,389 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The stock was 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. Insiders sold 56,283 shares of company stock valued at $16,544,125 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in shares of Generac by 100.0% during the 3rd quarter. Nordea Investment Management AB now owns 7,098 shares of the technology company’s stock worth $2,904,000 after purchasing an additional 3,549 shares during the period. SG Americas Securities LLC grew its stake in shares of Generac by 27.3% in the third quarter. SG Americas Securities LLC now owns 3,558 shares of the technology company’s stock valued at $1,454,000 after buying an additional 764 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Generac by 47.1% in the 3rd quarter. AE Wealth Management LLC now owns 1,447 shares of the technology company’s stock valued at $591,000 after buying an additional 463 shares during the period. Brookstone Capital Management acquired a new position in Generac during the 3rd quarter worth about $781,000. Finally, Van ECK Associates Corp boosted its holdings in Generac by 14.9% during the 3rd quarter. Van ECK Associates Corp now owns 6,492 shares of the technology company’s stock valued at $2,653,000 after acquiring an additional 841 shares during the period. 88.54% of the stock is owned by institutional investors.

About Generac (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.

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