Generac Holdlings Inc. (NYSE:GNRC) Expected to Announce Quarterly Sales of $384.06 Million
Equities analysts expect Generac Holdlings Inc. (NYSE:GNRC) to report sales of $384.06 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Generac Holdlings’ earnings, with estimates ranging from $378.80 million to $391.60 million. Generac Holdlings reported sales of $367.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is expected to report its next quarterly earnings results on Tuesday, August 1st.
On average, analysts expect that Generac Holdlings will report full-year sales of $384.06 million for the current fiscal year, with estimates ranging from $1.53 billion to $1.54 billion. For the next year, analysts anticipate that the business will post sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Generac Holdlings.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Generac Holdlings had a net margin of 6.81% and a return on equity of 45.83%. The company had revenue of $331.80 million during the quarter, compared to the consensus estimate of $321.82 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year.
A number of brokerages recently weighed in on GNRC. ValuEngine lowered shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of Generac Holdlings in a research report on Friday, April 21st. TheStreet lowered shares of Generac Holdlings from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $42.00.
Generac Holdlings (NYSE GNRC) traded down 0.08% during mid-day trading on Friday, hitting $36.00. 84,368 shares of the stock were exchanged. Generac Holdlings has a 52 week low of $32.34 and a 52 week high of $44.84. The stock has a market capitalization of $2.26 billion, a PE ratio of 22.92 and a beta of 1.40. The company has a 50-day moving average of $35.51 and a 200-day moving average of $38.03.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $36.50, for a total transaction of $182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,049,911 shares in the company, valued at $38,321,751.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC raised its position in Generac Holdlings by 1.7% in the first quarter. Atria Investments LLC now owns 7,225 shares of the technology company’s stock valued at $269,000 after buying an additional 118 shares during the period. Principal Financial Group Inc. raised its position in Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after buying an additional 180 shares during the period. Envestnet Asset Management Inc. raised its position in Generac Holdlings by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the technology company’s stock valued at $101,000 after buying an additional 201 shares during the period. WFG Advisors LP raised its position in Generac Holdlings by 5.7% in the first quarter. WFG Advisors LP now owns 8,281 shares of the technology company’s stock valued at $309,000 after buying an additional 450 shares during the period. Finally, US Bancorp DE raised its position in Generac Holdlings by 2.9% in the first quarter. US Bancorp DE now owns 29,899 shares of the technology company’s stock valued at $1,115,000 after buying an additional 844 shares during the period. Institutional investors and hedge funds own 99.84% of the company’s stock.
Generac Holdlings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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