Brokerages Anticipate Generac Holdings Inc. (GNRC) Will Post Quarterly Sales of $494.65 Million

Equities research analysts expect Generac Holdings Inc. (NYSE:GNRC) to post $494.65 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Generac’s earnings, with the highest sales estimate coming in at $506.00 million and the lowest estimate coming in at $485.20 million. Generac posted sales of $457.25 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The business is expected to report its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Generac will report full-year sales of $1.90 billion for the current year, with estimates ranging from $1.89 billion to $1.91 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.93 billion per share, with estimates ranging from $1.79 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Generac.

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

GNRC has been the subject of several analyst reports. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Friday, May 4th. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Generac in a report on Wednesday, August 1st. Stifel Nicolaus lifted their price objective on Generac from $52.00 to $56.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. Canaccord Genuity set a $54.00 price objective on Generac and gave the company a “hold” rating in a report on Tuesday, July 24th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Generac in a report on Friday, July 20th. Two research 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. Generac has a consensus rating of “Hold” and an average target price of $54.98.

In other 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 transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 903,571 shares of the company’s stock, valued at approximately $45,539,978.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $51.53, for a total value of $755,532.86. Following the transaction, the insider now directly owns 25,353 shares of the company’s stock, valued at approximately $1,306,440.09. The disclosure for this sale can be found here. Insiders sold a total of 74,662 shares of company stock valued at $3,894,533 over the last ninety days. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of GNRC. BlackRock Inc. increased its holdings in Generac by 14.5% in the 2nd quarter. BlackRock Inc. now owns 4,838,216 shares of the technology company’s stock worth $250,281,000 after purchasing an additional 614,112 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Generac by 32.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,874,526 shares of the technology company’s stock valued at $96,969,000 after buying an additional 463,226 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Generac by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,601,730 shares of the technology company’s stock valued at $82,857,000 after buying an additional 13,368 shares during the last quarter. Investec Asset Management LTD grew its position in shares of Generac by 5.1% in the 2nd quarter. Investec Asset Management LTD now owns 1,387,672 shares of the technology company’s stock valued at $71,784,000 after buying an additional 67,504 shares during the last quarter. Finally, WS Management Lllp grew its position in shares of Generac by 1.5% in the 1st quarter. WS Management Lllp now owns 1,026,561 shares of the technology company’s stock valued at $47,129,000 after buying an additional 15,407 shares during the last quarter. 98.02% of the stock is owned by institutional investors.

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

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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