$1.27 Billion in Sales Expected for Generac Holdings Inc. (NYSE:GNRC) This Quarter

Wall Street brokerages forecast that Generac Holdings Inc. (NYSE:GNRC – Get Rating) will report $1.27 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Generac’s earnings, with the highest sales estimate coming in at $1.33 billion and the lowest estimate coming in at $1.22 billion. Generac reported sales of $919.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 38%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Generac will report full-year sales of $5.15 billion for the current fiscal year, with estimates ranging from $5.09 billion to $5.19 billion. For the next year, analysts expect that the business will post sales of $5.69 billion, with estimates ranging from $5.23 billion to $5.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Generac.

Generac (NYSE:GNRC – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. Generac had a net margin of 12.68% and a return on equity of 30.22%. Generac’s quarterly revenue was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 EPS.

A number of equities research analysts have recently issued reports on GNRC shares. Canaccord Genuity Group lowered their price target on shares of Generac from $575.00 to $556.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. JPMorgan Chase & Co. lowered their price target on shares of Generac from $520.00 to $463.00 in a report on Thursday, January 20th. The Goldman Sachs Group raised shares of Generac from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Monday, April 4th. Oppenheimer decreased their price objective on shares of Generac from $540.00 to $450.00 and set an “outperform” rating on the stock in a research report on Thursday, February 17th. Finally, Robert W. Baird reduced their price target on shares of Generac from $369.00 to $298.00 in a research report on Thursday, May 5th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $454.90.

NYSE GNRC opened at $223.69 on Friday. Generac has a 52 week low of $197.94 and a 52 week high of $524.31. The company has a market cap of $14.28 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company has a quick ratio of 0.71, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $267.83 and its two-hundred day simple moving average is $317.71.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $314.49, for a total value of $1,572,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,621,815.89. The disclosure for this sale can be found here. Insiders have sold 26,389 shares of company stock valued at $7,781,466 in the last three months. Insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Key Financial Inc bought a new stake in Generac in the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC bought a new stake in shares of Generac during the 4th quarter valued at about $33,000. SJS Investment Consulting Inc. bought a new stake in shares of Generac during the 1st quarter valued at about $35,000. American National Bank grew its stake in shares of Generac by 59.2% during the 1st quarter. American National Bank now owns 121 shares of the technology company’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Finally, Covestor Ltd bought a new stake in shares of Generac during the 4th quarter valued at about $37,000. Institutional investors own 88.35% of the company’s stock.

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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