Generac (GNRC) Posts Earnings Results, Beats Expectations By $0.17 EPS

Generac (NYSE:GNRC) announced its quarterly earnings data on Tuesday. The technology company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17, Bloomberg Earnings reports. The firm had revenue of $488.00 million for the quarter, compared to analyst estimates of $475.15 million. Generac had a net margin of 7.47% and a return on equity of 46.06%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share.

Generac (NYSE:GNRC) opened at $47.99 on Tuesday. The stock has a market cap of $2,888.74, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.49 and a beta of 1.64. Generac has a 1 year low of $33.77 and a 1 year high of $53.78. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92.

A number of brokerages have recently weighed in on GNRC. ValuEngine lowered shares of Generac from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks restated a “hold” rating and set a $48.00 target price on shares of Generac in a research report on Friday, November 3rd. Stifel Nicolaus boosted their target price on shares of Generac from $41.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. Oppenheimer restated a “hold” rating on shares of Generac in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, January 23rd. One research 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. Generac presently has an average rating of “Hold” and a consensus price target of $52.12.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $49.03, for a total value of $980,600.00. Following the completion of the transaction, the chief executive officer now owns 990,411 shares in the company, valued at $48,559,851.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc raised its position in shares of Generac by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after purchasing an additional 2,360 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Generac during the 3rd quarter worth about $175,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Generac during the 4th quarter worth about $193,000. Rothschild Investment Corp IL acquired a new position in shares of Generac during the 4th quarter worth about $203,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Generac during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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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.

Earnings History for Generac (NYSE:GNRC)

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