Wall Street analysts expect Generac Holdings Inc. (NYSE:GNRC) to report sales of $586.09 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Generac’s earnings. The highest sales estimate is $593.10 million and the lowest is $578.30 million. Generac reported sales of $563.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The firm is expected to report its next earnings results on Thursday, February 13th.
On average, analysts expect that Generac will report full year sales of $2.20 billion for the current fiscal year, with estimates ranging from $2.17 billion to $2.21 billion. For the next year, analysts anticipate that the firm will report sales of $2.33 billion, with estimates ranging from $2.28 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Generac.
Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $601.14 million during the quarter, compared to analysts’ expectations of $583.14 million. Generac had a return on equity of 37.71% and a net margin of 11.85%. Generac’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share.
GNRC has been the subject of several recent research reports. Northcoast Research lifted their price target on Generac from $93.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity set a $95.00 price objective on Generac and gave the company a “hold” rating in a research report on Friday, November 1st. ValuEngine cut Generac from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America cut Generac from a “buy” rating to a “neutral” rating and set a $108.00 price objective for the company. in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Generac presently has a consensus rating of “Hold” and a consensus target price of $102.00.
In other news, insider Russell S. Minick sold 10,328 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $73.91, for a total value of $763,342.48. Following the completion of the sale, the insider now directly owns 24,743 shares in the company, valued at $1,828,755.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of Generac during the second quarter worth approximately $520,000. First Hawaiian Bank increased its position in shares of Generac by 12.1% during the second quarter. First Hawaiian Bank now owns 6,850 shares of the technology company’s stock worth $475,000 after purchasing an additional 740 shares in the last quarter. KG&L Capital Management LLC purchased a new stake in shares of Generac during the second quarter worth approximately $242,000. NEXT Financial Group Inc increased its position in shares of Generac by 21.0% during the second quarter. NEXT Financial Group Inc now owns 4,413 shares of the technology company’s stock worth $306,000 after purchasing an additional 765 shares in the last quarter. Finally, Atwood & Palmer Inc. increased its position in shares of Generac by 0.8% during the second quarter. Atwood & Palmer Inc. now owns 202,270 shares of the technology company’s stock worth $14,040,000 after purchasing an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.
Shares of GNRC stock opened at $93.40 on Friday. The stock has a 50 day moving average of $85.07 and a 200 day moving average of $71.93. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 1.18. The stock has a market cap of $5.80 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.93 and a beta of 1.17. Generac has a twelve month low of $45.43 and a twelve month high of $98.37.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power 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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