Generac Holdings (GNRC) to Release Quarterly Earnings on Thursday
Generac Holdings (NASDAQ:GNRC) is set to announce its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $341.92 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Generac Holdings (NASDAQ:GNRC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.19. The company had revenue of $346.70 million for the quarter, compared to the consensus estimate of $328.41 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. On average, analysts expect Generac Holdings to post $3.77 EPS for the current fiscal year and $3.61 EPS for the next fiscal year.
Shares of Generac Holdings (NASDAQ:GNRC) opened at 41.55 on Wednesday. Generac Holdings has a 1-year low of $22.71 and a 1-year high of $44.30. The stock’s 50-day moving average is $41.65 and its 200-day moving average is $37.89. The company has a market cap of $2.843 billion and a P/E ratio of 21.78.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Generac Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a $46.40 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Generac Holdings from $46.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.04.
In other Generac Holdings news, CEO Aaron Jagdfeld sold 6,287 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $40.15, for a total value of $252,423.05. Following the sale, the chief executive officer now directly owns 637,076 shares in the company, valued at approximately $25,578,601. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
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