$1.32 EPS Expected for Generac Holdings Inc. (NYSE:GNRC) This Quarter

Brokerages expect that Generac Holdings Inc. (NYSE:GNRC) will report $1.32 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Generac’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.22. Generac reported earnings per share of $1.43 during the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The business is scheduled to report its next earnings report before the market opens on Thursday, October 31st.

On average, analysts expect that Generac will report full year earnings of $4.80 per share for the current year, with EPS estimates ranging from $4.64 to $4.90. For the next fiscal year, analysts anticipate that the business will report earnings of $5.08 per share, with EPS estimates ranging from $4.80 to $5.34. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Generac.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, August 1st. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The company had revenue of $541.90 million for the quarter, compared to analyst estimates of $538.96 million. Generac had a return on equity of 38.99% and a net margin of 12.09%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS.

GNRC has been the topic of a number of research reports. ValuEngine lowered Generac from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Canaccord Genuity set a $80.00 price objective on Generac and gave the company a “hold” rating in a report on Thursday, October 10th. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America reissued a “buy” rating and issued a $88.00 price objective on shares of Generac in a report on Monday, September 16th. Finally, Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $64.00 to $86.00 in a report on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.60.

In other news, insider Russell S. Minick sold 10,328 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $73.91, for a total value of $763,342.48. Following the sale, the insider now owns 24,743 shares in the company, valued at $1,828,755.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Erik Wilde sold 7,587 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $71.44, for a total value of $542,015.28. Following the completion of the sale, the executive vice president now owns 11,196 shares in the company, valued at approximately $799,842.24. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Squar Milner Financial Services LLC boosted its stake in shares of Generac by 347.1% in the third quarter. Squar Milner Financial Services LLC now owns 380 shares of the technology company’s stock worth $29,000 after buying an additional 295 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of Generac in the second quarter worth about $69,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Generac in the second quarter worth about $76,000. Tower Research Capital LLC TRC purchased a new stake in shares of Generac in the second quarter worth about $98,000. Finally, Factorial Partners LLC purchased a new stake in shares of Generac in the second quarter worth about $167,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Shares of GNRC stock traded up $0.52 during mid-day trading on Tuesday, reaching $87.07. The stock had a trading volume of 708,046 shares, compared to its average volume of 471,354. The business’s fifty day moving average is $81.09 and its 200-day moving average is $68.71. 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 firm has a market cap of $5.40 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.80 and a beta of 1.15. Generac has a 1-year low of $45.43 and a 1-year high of $88.45.

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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