$0.89 Earnings Per Share Expected for Generac Holdlings Inc. (GNRC) This Quarter
Equities analysts expect that Generac Holdlings Inc. (NYSE:GNRC) will post earnings per share (EPS) of $0.89 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Generac Holdlings’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.99. Generac Holdlings posted earnings per share of $0.82 in the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, November 1st.
On average, analysts expect that Generac Holdlings will report full year earnings of $3.03 per share for the current year, with EPS estimates ranging from $2.79 to $3.10. For the next year, analysts expect that the firm will report earnings of $3.21 per share, with EPS estimates ranging from $2.91 to $3.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Generac Holdlings.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share.
GNRC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, October 11th. Bank of America Corporation raised shares of Generac Holdlings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $50.00 in a research note on Friday, September 15th. KeyCorp reaffirmed a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. BidaskClub raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Generac Holdlings currently has a consensus rating of “Buy” and a consensus price target of $51.86.
Generac Holdlings (NYSE GNRC) traded down 0.06% during midday trading on Monday, hitting $51.95. The stock had a trading volume of 413,735 shares. The stock has a 50-day moving average price of $47.92 and a 200 day moving average price of $39.53. Generac Holdlings has a 12-month low of $33.77 and a 12-month high of $52.17. The firm has a market cap of $3.23 billion, a P/E ratio of 31.03 and a beta of 1.40.
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In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $40.44, for a total transaction of $202,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,039,911 shares of the company’s stock, valued at approximately $42,054,000.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 15,000 shares of company stock valued at $619,400 over the last three months. Corporate insiders own 3.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GNRC. BlackRock Inc. grew its stake in shares of Generac Holdlings by 13,069.4% during the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after buying an additional 4,126,286 shares during the period. EdgePoint Investment Group Inc. grew its stake in shares of Generac Holdlings by 13.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock valued at $317,060,000 after buying an additional 1,069,401 shares during the period. Shapiro Capital Management LLC purchased a new stake in shares of Generac Holdlings during the 2nd quarter valued at $37,696,000. Pictet Asset Management Ltd. purchased a new stake in shares of Generac Holdlings during the 3rd quarter valued at $40,510,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Generac Holdlings during the 2nd quarter valued at $20,734,000. 97.05% of the stock is owned by institutional investors.
About Generac Holdlings
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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