Roth Capital Brokers Increase Earnings Estimates for Generac

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at Roth Capital boosted their FY2024 EPS estimates for shares of Generac in a research note issued to investors on Tuesday, October 22nd. Roth Capital analyst C. Moore now forecasts that the technology company will earn $6.65 per share for the year, up from their prior estimate of $6.45. The consensus estimate for Generac’s current full-year earnings is $6.47 per share. Roth Capital also issued estimates for Generac’s Q4 2024 earnings at $2.41 EPS, Q1 2025 earnings at $1.45 EPS, Q2 2025 earnings at $1.79 EPS, Q4 2025 earnings at $2.68 EPS and FY2025 earnings at $8.50 EPS.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Robert W. Baird raised their target price on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup raised their target price on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $165.40.

Generac Trading Down 0.8 %

Shares of NYSE GNRC opened at $166.15 on Wednesday. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The stock’s 50 day simple moving average is $155.27 and its 200 day simple moving average is $146.74. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Generac has a 12-month low of $79.86 and a 12-month high of $176.14.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in shares of Generac during the 2nd quarter valued at $98,282,000. International Assets Investment Management LLC boosted its stake in Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after purchasing an additional 214,322 shares in the last quarter. Blair William & Co. IL grew its stake in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Generac by 21.4% during the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock worth $55,548,000 after purchasing an additional 74,115 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

About Generac

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.