Generac Holdlings Inc. (GNRC) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Generac Holdlings Inc. (NYSE:GNRC) issued its quarterly earnings results on Wednesday. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04, Bloomberg Earnings reports. Generac Holdlings had a return on equity of 47.63% and a net margin of 7.47%. The firm had revenue of $457.25 million for the quarter, compared to analyst estimates of $420.42 million. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $47.76, for a total value of $238,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

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Several equities analysts recently issued reports on the company. TheStreet upgraded Generac Holdlings from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. Canaccord Genuity restated a “hold” rating and set a $54.00 price target on shares of Generac Holdlings in a research note on Thursday. KeyCorp restated a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Generac Holdlings has a consensus rating of “Buy” and an average price target of $52.43.

Generac Holdlings Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Earnings History for Generac Holdlings (NYSE:GNRC)

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