$1.08 EPS Expected for Generac Holdings Inc. (NYSE:GNRC) This Quarter

Analysts expect that Generac Holdings Inc. (NYSE:GNRC) will announce earnings of $1.08 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Generac’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.03. Generac posted earnings per share of $1.11 during the same quarter last year, which would indicate a negative year over year growth rate of 2.7%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, August 7th.

According to Zacks, analysts expect that Generac will report full-year earnings of $4.68 per share for the current financial year, with EPS estimates ranging from $4.59 to $4.85. For the next fiscal year, analysts expect that the business will post earnings of $4.98 per share, with EPS estimates ranging from $4.60 to $5.32. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Generac.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. The company had revenue of $470.35 million for the quarter, compared to the consensus estimate of $450.73 million. Generac had a net margin of 11.84% and a return on equity of 41.59%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS.

Several equities research analysts have commented on GNRC shares. Northcoast Research reaffirmed a “buy” rating on shares of WESCO International in a report on Friday, May 3rd. Bank of America set a $420.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Finally, Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $64.00 to $86.00 in a report on Monday, July 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $69.00.

Shares of NYSE:GNRC traded up $0.23 during midday trading on Tuesday, reaching $71.11. The company had a trading volume of 555,375 shares, compared to its average volume of 498,758. The stock has a 50 day simple moving average of $66.36. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.92 and a current ratio of 2.06. The stock has a market capitalization of $4.43 billion, a PE ratio of 15.13, a P/E/G ratio of 2.34 and a beta of 1.26. Generac has a 52-week low of $45.43 and a 52-week high of $72.13.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $55.86, for a total transaction of $1,117,200.00. Following the sale, the chief executive officer now directly owns 681,043 shares of the company’s stock, valued at $38,043,061.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Derivatives bought a new stake in shares of Generac during the first quarter valued at about $36,000. Zions Bancorporation N.A. bought a new position in shares of Generac in the first quarter worth approximately $39,000. Quadrant Capital Group LLC bought a new position in shares of Generac in the first quarter worth approximately $52,000. YorkBridge Wealth Partners LLC bought a new position in shares of Generac in the fourth quarter worth approximately $106,000. Finally, Quantamental Technologies LLC increased its position in shares of Generac by 1,662.9% in the first quarter. Quantamental Technologies LLC now owns 2,944 shares of the technology company’s stock worth $151,000 after purchasing an additional 2,777 shares during the last quarter. Hedge funds and other institutional investors own 94.29% of the company’s stock.

About Generac

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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Earnings History and Estimates for Generac (NYSE:GNRC)

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