Zacks: Analysts Anticipate Generac Holdings Inc. (NYSE:GNRC) to Announce $2.38 Earnings Per Share

Wall Street analysts expect that Generac Holdings Inc. (NYSE:GNRC) will post $2.38 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Generac’s earnings, with the highest EPS estimate coming in at $2.46 and the lowest estimate coming in at $2.21. Generac reported earnings of $2.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.4%. The business is expected to report its next earnings report on Wednesday, October 27th.

According to Zacks, analysts expect that Generac will report full-year earnings of $10.05 per share for the current year, with EPS estimates ranging from $9.82 to $10.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $11.98 per share, with EPS estimates ranging from $10.65 to $14.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Generac.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 28th. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.35 by $0.04. Generac had a return on equity of 39.62% and a net margin of 16.18%. The firm had revenue of $919.98 million during the quarter, compared to analysts’ expectations of $872.36 million.

GNRC has been the subject of several recent analyst reports. KeyCorp raised their target price on Generac from $400.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, July 26th. initiated coverage on Generac in a research note on Friday, June 25th. They set a “buy” rating and a $475.00 target price for the company. Roth Capital raised their target price on Generac from $430.00 to $480.00 and gave the stock a “buy” rating in a research note on Wednesday, July 7th. Credit Suisse Group initiated coverage on Generac in a research note on Friday, August 6th. They set an “outperform” rating and a $523.00 target price for the company. Finally, Canaccord Genuity raised their target price on Generac from $406.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of “Buy” and an average price target of $434.50.

Shares of NYSE:GNRC traded down $9.41 during midday trading on Friday, hitting $444.61. The company had a trading volume of 533,910 shares, compared to its average volume of 808,906. The business’s 50-day simple moving average is $428.73 and its 200-day simple moving average is $373.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.02 and a quick ratio of 1.10. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 54.69, a price-to-earnings-growth ratio of 6.90 and a beta of 0.89. Generac has a twelve month low of $178.07 and a twelve month high of $466.92.

In related news, insider Patrick John Forsythe sold 4,223 shares of Generac stock in a transaction on Monday, July 12th. The stock was sold at an average price of $450.00, for a total value of $1,900,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GNRC. Meridian Wealth Partners LLC purchased a new position in Generac in the first quarter valued at $28,000. Berman Capital Advisors LLC lifted its holdings in Generac by 772.7% during the 1st quarter. Berman Capital Advisors LLC now owns 96 shares of the technology company’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Northern Oak Wealth Management Inc. purchased a new stake in Generac during the 1st quarter worth about $33,000. Quadrant Capital Group LLC lifted its holdings in Generac by 66.1% during the 1st quarter. Quadrant Capital Group LLC now owns 103 shares of the technology company’s stock worth $34,000 after buying an additional 41 shares during the last quarter. Finally, E Fund Management Co. Ltd. purchased a new stake in Generac during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Generac Company Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Earnings History and Estimates for Generac (NYSE:GNRC)

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