Generac (GNRC) Scheduled to Post Quarterly Earnings on Wednesday

Generac (NYSE:GNRC) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Stock Performance

GNRC opened at $136.10 on Wednesday. The business’s 50 day moving average is $121.53 and its 200-day moving average is $116.52. The stock has a market cap of $8.20 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac has a twelve month low of $79.86 and a twelve month high of $156.95.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent analyst reports. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Roth Mkm lifted their price target on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen cut their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Canaccord Genuity Group raised their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

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.