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

Analysts predict that Generac Holdings Inc. (NYSE:GNRCGet 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. The lowest sales estimate is $1.06 billion and the highest is $1.10 billion. Generac posted sales of $807.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 33.8%. The business is expected to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Generac will report full-year sales of $5.01 billion for the current fiscal year, with estimates ranging from $4.97 billion to $5.09 billion. For the next year, analysts forecast that the business will report sales of $5.53 billion, with estimates ranging from $4.84 billion to $5.89 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Generac.

Generac (NYSE:GNRCGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The technology company reported $2.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.13. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $2.12 earnings per share.

GNRC has been the subject of several recent analyst reports. OTR Global cut shares of Generac to a “positive” rating in a research report on Friday, January 14th. KeyCorp cut their price objective on shares of Generac from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, April 22nd. UBS Group cut their price objective on shares of Generac from $575.00 to $556.00 and set a “buy” rating for the company in a research report on Thursday, February 17th. Citigroup raised 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. Finally, Stifel Nicolaus cut their price objective on shares of Generac from $500.00 to $415.00 and set a “hold” rating for the company in a research report on Tuesday, February 22nd. Three 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 price target of $451.45.

In other Generac news, CMO Russell S. Minick sold 11,389 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 34,894 shares of the business’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $282.46, for a total transaction of $9,856,159.24. The disclosure for this sale can be found here. Insiders sold a total of 56,283 shares of company stock worth $16,544,125 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Key Financial Inc purchased a new stake in shares of Generac in the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Generac in the 4th quarter worth about $33,000. Lindbrook Capital LLC boosted its position in shares of Generac by 2,700.0% in the 3rd quarter. Lindbrook Capital LLC now owns 84 shares of the technology company’s stock worth $34,000 after buying an additional 81 shares in the last quarter. American National Bank boosted its position in shares of Generac by 59.2% in the 1st quarter. American National Bank now owns 121 shares of the technology company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Generac in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Shares of NYSE GNRC opened at $219.38 on Friday. The firm has a 50-day simple moving average of $289.35 and a 200-day simple moving average of $341.16. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. Generac has a 52 week low of $218.93 and a 52 week high of $524.31.

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.

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Earnings History and Estimates for Generac (NYSE:GNRC)

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