FY2024 Earnings Forecast for Generac Issued By William Blair

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at William Blair increased their FY2024 EPS estimates for shares of Generac in a report released on Thursday, October 31st. William Blair analyst B. Drab now forecasts that the technology company will post earnings of $6.73 per share for the year, up from their previous estimate of $6.43. The consensus estimate for Generac’s current full-year earnings is $6.49 per share. William Blair also issued estimates for Generac’s Q4 2024 earnings at $2.26 EPS, Q1 2025 earnings at $1.45 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.26 EPS and FY2025 earnings at $7.86 EPS.

Other equities analysts have also recently issued research reports about the stock. Northland Securities raised their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (up from $145.00) on shares of Generac in a report on Thursday, August 1st. The Goldman Sachs Group upped their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday. Citigroup lifted their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.10.

Generac Price Performance

GNRC stock opened at $168.91 on Monday. The business’s fifty day moving average price is $157.17 and its 200 day moving average price is $148.43. Generac has a 12-month low of $98.27 and a 12-month high of $176.14. The company has a market capitalization of $10.16 billion, a PE ratio of 35.04, a P/E/G ratio of 2.13 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. EntryPoint Capital LLC grew its holdings in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares in the last quarter. Blue Trust Inc. raised its position in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Generac in the second quarter valued at about $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company’s stock.

About Generac

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.