Research Analysts Issue Forecasts for Generac Holdings Inc.’s Q4 2018 Earnings (GNRC)

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at SunTrust Banks raised their Q4 2018 earnings estimates for shares of Generac in a report issued on Tuesday. SunTrust Banks analyst C. Brady now expects that the technology company will post earnings per share of $1.22 for the quarter, up from their prior estimate of $1.12. SunTrust Banks currently has a “Hold” rating and a $48.00 target price on the stock.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. Generac had a net margin of 7.47% and a return on equity of 46.06%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday. Wolfe Research downgraded shares of Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. ValuEngine downgraded shares of Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Canaccord Genuity boosted their price objective on shares of Generac from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Generac in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Generac has a consensus rating of “Buy” and a consensus target price of $52.43.

Shares of Generac (NYSE GNRC) opened at $49.27 on Friday. The firm has a market cap of $3,062.82, a PE ratio of 15.64, a PEG ratio of 1.59 and a beta of 1.74. Generac has a 1 year low of $33.77 and a 1 year high of $53.78. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in Generac by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock worth $15,651,000 after purchasing an additional 25,536 shares during the last quarter. Legal & General Group Plc grew its position in Generac by 6.2% in the 3rd quarter. Legal & General Group Plc now owns 60,743 shares of the technology company’s stock worth $2,788,000 after purchasing an additional 3,547 shares during the last quarter. Impax Asset Management AIFM Ltd grew its position in Generac by 1.9% in the 3rd quarter. Impax Asset Management AIFM Ltd now owns 416,809 shares of the technology company’s stock worth $19,144,000 after purchasing an additional 7,600 shares during the last quarter. State Street Corp grew its position in Generac by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after purchasing an additional 60,746 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Generac by 698.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,138 shares of the technology company’s stock worth $366,000 after purchasing an additional 8,868 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 1,029,911 shares in the company, valued at approximately $53,555,372. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,085 shares of company stock valued at $2,467,008. Insiders own 3.00% of the company’s stock.

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Generac 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.

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