KeyCorp Analysts Increase Earnings Estimates for Generac Holdings Inc. (GNRC)

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at KeyCorp upped their FY2018 EPS estimates for Generac in a research report issued on Thursday. KeyCorp analyst J. Hammond now expects that the technology company will post earnings per share of $3.80 for the year, up from their previous forecast of $3.60. KeyCorp currently has a “Overweight” rating and a $57.00 price target on the stock.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday. Wolfe Research cut shares of Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. ValuEngine cut shares of Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reissued a “hold” rating and set a $48.00 target price on shares of Generac in a research report on Friday, November 3rd. Finally, Canaccord Genuity boosted their target price on shares of Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.57.

Generac (NYSE:GNRC) opened at $51.64 on Monday. Generac has a 12-month low of $33.77 and a 12-month high of $53.78. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. The company has a market cap of $3,210.12, a price-to-earnings ratio of 27.18, a PEG ratio of 1.65 and a beta of 1.74.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Generac had a net margin of 7.47% and a return on equity of 46.06%. The business had revenue of $457.25 million for the quarter, compared to analysts’ expectations of $420.42 million. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year.

In related news, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total value of $1,226,408.20. Following the sale, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,029,911 shares in the company, valued at $53,555,372. The disclosure for this sale can be found here. Insiders sold 49,085 shares of company stock worth $2,467,008 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in Generac by 26,222.2% in the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after acquiring an additional 2,360 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Generac during the third quarter worth $175,000. Victory Capital Management Inc. raised its holdings in shares of Generac by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after purchasing an additional 578 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Generac during the third quarter worth $238,000. Finally, Strs Ohio raised its holdings in shares of Generac by 145.5% during the third quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after purchasing an additional 3,200 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Generac

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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