Generac (GNRC) Scheduled to Post Quarterly Earnings on Wednesday

Generac (NYSE:GNRC) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Generac to post earnings of $0.81 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $1.78 earnings per share. Generac’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Stock Performance

NYSE GNRC opened at $140.12 on Monday. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a market cap of $8.44 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.85 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $122.62 and its 200 day moving average price is $117.21.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GNRC shares. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. TD Cowen cut their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Roth Mkm lifted their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.