Generac Holdings Inc. (GNRC) Expected to Post Earnings of $1.07 Per Share

Wall Street analysts predict that Generac Holdings Inc. (NYSE:GNRC) will post earnings per share of $1.07 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Generac’s earnings, with estimates ranging from $0.99 to $1.15. Generac reported earnings of $0.93 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15.1%. The company is expected to report its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Generac will report full-year earnings of $4.11 per share for the current year, with EPS estimates ranging from $4.05 to $4.17. For the next fiscal year, analysts expect that the firm will post earnings of $4.20 per share, with EPS estimates ranging from $3.90 to $4.36. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Generac.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.20. The company had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $448.41 million. Generac had a return on equity of 46.62% and a net margin of 11.18%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share.

A number of analysts recently commented on GNRC shares. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Friday, August 3rd. Stifel Nicolaus lifted their price target on Generac from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Generac in a report on Wednesday, August 1st. Canaccord Genuity set a $54.00 price target on Generac and gave the stock a “hold” rating in a report on Tuesday, July 24th. Finally, Robert W. Baird reiterated a “hold” rating and set a $54.00 price target on shares of Generac in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $54.98.

Shares of GNRC stock traded down $0.58 on Friday, hitting $54.69. The company had a trading volume of 191,505 shares, compared to its average volume of 531,850. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.07 and a beta of 1.49. The company has a current ratio of 1.94, a quick ratio of 1.04 and a debt-to-equity ratio of 1.47. Generac has a twelve month low of $35.94 and a twelve month high of $56.64.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $50.40, for a total value of $1,008,000.00. Following the sale, the chief executive officer now directly owns 903,571 shares in the company, valued at $45,539,978.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Russell S. Minick sold 14,662 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $51.53, for a total value of $755,532.86. Following the completion of the sale, the insider now owns 25,353 shares in the company, valued at $1,306,440.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,662 shares of company stock worth $3,894,533. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of Generac in the first quarter valued at $242,000. Pwmco LLC purchased a new position in shares of Generac in the second quarter valued at $8,967,000. Koch Industries Inc. grew its position in shares of Generac by 51.3% in the first quarter. Koch Industries Inc. now owns 19,124 shares of the technology company’s stock valued at $878,000 after purchasing an additional 6,484 shares in the last quarter. Atwood & Palmer Inc. grew its position in shares of Generac by 1.2% in the second quarter. Atwood & Palmer Inc. now owns 193,865 shares of the technology company’s stock valued at $10,029,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Generac in the second quarter valued at $392,000. Institutional investors own 98.02% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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