Equities research analysts expect Generac Holdings Inc. (NYSE:GNRC) to post sales of $472.50 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Generac’s earnings, with the lowest sales estimate coming in at $464.80 million and the highest estimate coming in at $476.69 million. Generac reported sales of $417.42 million in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The business is scheduled to report its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Generac will report full-year sales of $472.50 million for the current financial year, with estimates ranging from $1.65 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.71 billion per share, with estimates ranging from $1.67 billion to $1.76 billion. Zacks Investment Research’s sales calculations 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 Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. Generac had a return on equity of 46.06% and a net margin of 7.47%. Generac’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share.

A number of analysts have weighed in on GNRC shares. BidaskClub upgraded Generac from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. KeyCorp increased their target price on Generac from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Bank of America upgraded Generac from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $50.00 in a research note on Friday, September 15th. Finally, Canaccord Genuity increased their target price on Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Generac has a consensus rating of “Buy” and an average price target of $52.43.

In other news, CMO Russell S. Minick sold 24,085 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the transaction, the chief marketing officer now owns 39,369 shares in the company, valued at $2,004,669.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the chief executive officer now owns 1,029,911 shares in the company, valued at approximately $53,555,372. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,085 shares of company stock worth $2,467,008. Insiders own 3.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank boosted its position in Generac by 4.9% during the second quarter. Amalgamated Bank now owns 8,100 shares of the technology company’s stock valued at $293,000 after purchasing an additional 380 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Generac by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after purchasing an additional 565 shares in the last quarter. Victory Capital Management Inc. boosted its position in Generac by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after purchasing an additional 578 shares in the last quarter. Broadview Advisors LLC boosted its position in Generac by 0.8% during the second quarter. Broadview Advisors LLC now owns 101,950 shares of the technology company’s stock valued at $3,683,000 after purchasing an additional 800 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its position in Generac by 9.3% during the third quarter. Boothbay Fund Management LLC now owns 12,852 shares of the technology company’s stock valued at $590,000 after purchasing an additional 1,098 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Generac (NYSE GNRC) traded up $0.25 during mid-day trading on Friday, reaching $49.27. The company’s stock had a trading volume of 252,764 shares, compared to its average volume of 363,308. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. Generac has a twelve month low of $33.77 and a twelve month high of $53.78. The stock has a market capitalization of $3,047.25, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.58 and a beta of 1.74.

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Generac 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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