Equities research analysts expect Generac Holdings Inc. (NYSE:GNRC) to post sales of $448.29 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Generac’s earnings. The lowest sales estimate is $439.80 million and the highest is $463.86 million. Generac reported sales of $397.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is scheduled to report its next earnings report on Wednesday, May 1st.
On average, analysts expect that Generac will report full-year sales of $2.10 billion for the current year, with estimates ranging from $2.10 billion to $2.12 billion. For the next financial year, analysts forecast that the company will post sales of $2.16 billion, with estimates ranging from $1.98 billion to $2.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Generac.
Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The business had revenue of $563.40 million for the quarter, compared to analysts’ expectations of $552.69 million. Generac had a net margin of 11.71% and a return on equity of 44.15%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share.
GNRC has been the topic of several research reports. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. ValuEngine raised shares of Generac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, William Blair cut shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.83.
In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.75, for a total transaction of $1,035,000.00. Following the sale, the chief executive officer now directly owns 721,281 shares in the company, valued at $37,326,291.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Russell S. Minick sold 31,283 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $52.52, for a total transaction of $1,642,983.16. Following the sale, the insider now owns 14,415 shares in the company, valued at $757,075.80. The disclosure for this sale can be found here. Insiders have sold 91,283 shares of company stock worth $4,779,583 in the last three months. Corporate insiders own 3.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Generac by 1.6% during the third quarter. Vanguard Group Inc. now owns 6,292,028 shares of the technology company’s stock worth $354,933,000 after buying an additional 100,141 shares during the period. Vanguard Group Inc increased its stake in shares of Generac by 1.6% during the third quarter. Vanguard Group Inc now owns 6,292,028 shares of the technology company’s stock worth $354,933,000 after buying an additional 100,141 shares during the period. BlackRock Inc. increased its stake in shares of Generac by 0.7% during the third quarter. BlackRock Inc. now owns 4,871,723 shares of the technology company’s stock worth $274,812,000 after buying an additional 33,507 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Generac by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,103,407 shares of the technology company’s stock worth $118,653,000 after buying an additional 34,838 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Generac by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,288 shares of the technology company’s stock worth $81,870,000 after buying an additional 33,794 shares during the period. Hedge funds and other institutional investors own 96.53% of the company’s stock.
Shares of GNRC traded up $0.54 during mid-day trading on Thursday, hitting $55.02. 195,224 shares of the company’s stock were exchanged, compared to its average volume of 259,008. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.71, a P/E/G ratio of 1.84 and a beta of 1.13. Generac has a fifty-two week low of $43.65 and a fifty-two week high of $60.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.03 and a current ratio of 2.00.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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