Generac (NYSE:GNRC) Releases Earnings Results, Beats Estimates By $0.16 EPS

Generac (NYSE:GNRC) posted its quarterly earnings results on Wednesday. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16, Briefing.com reports. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the firm earned $0.63 EPS. Generac’s revenue was up .2% on a year-over-year basis. Generac updated its FY 2024 guidance to EPS.

Generac Trading Up 0.8 %

Shares of Generac stock traded up $1.03 on Thursday, hitting $128.66. 1,539,850 shares of the company’s stock traded hands, compared to its average volume of 1,102,182. Generac has a one year low of $79.86 and a one year high of $156.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The company has a fifty day moving average of $123.73 and a two-hundred day moving average of $117.77. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Oppenheimer boosted their price target on Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird upped their target price on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. UBS Group lowered their target price on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, TD Cowen lowered their target price on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $142.40.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.