Equities analysts expect Generac Holdings Inc. (NYSE:GNRC) to post $551.94 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Generac’s earnings, with the highest sales estimate coming in at $557.30 million and the lowest estimate coming in at $544.50 million. Generac reported sales of $488.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The firm is scheduled to announce its next earnings report on Tuesday, February 12th.
According to Zacks, analysts expect that Generac will report full year sales of $2.00 billion for the current year, with estimates ranging from $2.00 billion to $2.01 billion. For the next financial year, analysts expect that the firm will post sales of $2.03 billion, with estimates ranging from $1.91 billion to $2.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Generac.
Generac (NYSE:GNRC) last announced its earnings results on Thursday, November 1st. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.35. The business had revenue of $559.52 million for the quarter, compared to analysts’ expectations of $502.94 million. Generac had a net margin of 12.45% and a return on equity of 47.44%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS.
Several brokerages have commented on GNRC. Zacks Investment Research lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine upgraded shares of Generac from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Robert W. Baird boosted their target price on shares of Generac from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, Goldman Sachs Group upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research report on Thursday, October 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Generac presently has a consensus rating of “Hold” and an average target price of $56.73.
In related news, CFO York A. Ragen sold 36,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $54.84, for a total value of $1,974,240.00. Following the sale, the chief financial officer now directly owns 185,108 shares in the company, valued at approximately $10,151,322.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $51.39, for a total value of $1,027,800.00. The disclosure for this sale can be found here. Insiders sold a total of 96,000 shares of company stock worth $5,131,440 over the last quarter. Insiders own 3.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Gagnon Securities LLC lifted its stake in Generac by 1.0% during the fourth quarter. Gagnon Securities LLC now owns 28,978 shares of the technology company’s stock worth $1,440,000 after purchasing an additional 273 shares during the last quarter. Boston Advisors LLC bought a new position in Generac during the fourth quarter worth $2,637,000. Virtu Financial LLC bought a new position in Generac during the fourth quarter worth $489,000. First Hawaiian Bank lifted its stake in Generac by 71.5% during the fourth quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock worth $70,000 after purchasing an additional 585 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in Generac during the third quarter worth $38,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.
Shares of Generac stock traded up $0.61 during trading on Wednesday, reaching $54.74. The company’s stock had a trading volume of 513,877 shares, compared to its average volume of 278,575. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.85 and a beta of 1.34. Generac has a fifty-two week low of $42.96 and a fifty-two week high of $60.70. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 0.98.
Generac Company Profile
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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