Generac Holdings Downgraded to Neutral at Bank of America (GNRC)
Shares of Generac Holdings (NASDAQ:GNRC) opened at 48.74 on Tuesday. Generac Holdings has a one year low of $38.44 and a one year high of $62.50. The stock has a 50-day moving average of $49.15 and a 200-day moving average of $53.75. The company has a market cap of $3.355 billion and a price-to-earnings ratio of 21.38.
Generac Holdings (NASDAQ:GNRC) last released its earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.02. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $355.58 million. During the same quarter last year, the company posted $1.21 earnings per share. Generac Holdings’s revenue was down 14.4% compared to the same quarter last year. On average, analysts predict that Generac Holdings will post $3.74 earnings per share for the current fiscal year.
In other Generac Holdings news, CEO Aaron Jagdfeld sold 4,032 shares of Generac Holdings stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $46.53, for a total transaction of $187,608.96. The transaction was disclosed in a legal filing with the SEC, which is available at 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.