Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at William Blair upped their Q1 2018 earnings per share estimates for Generac in a note issued to investors on Tuesday. William Blair analyst B. Drab now forecasts that the technology company will earn $0.58 per share for the quarter, up from their previous estimate of $0.52. William Blair also issued estimates for Generac’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $3.44 EPS and FY2019 earnings at $3.75 EPS.
Generac (NYSE:GNRC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Generac had a net margin of 9.53% and a return on equity of 48.32%. The firm had revenue of $488.00 million during the quarter, compared to the consensus estimate of $475.15 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Generac’s revenue for the quarter was up 16.9% on a year-over-year basis.
Shares of Generac (GNRC) opened at $46.58 on Thursday. Generac has a 12-month low of $33.77 and a 12-month high of $53.78. The company has a market cap of $2,799.22, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.44 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the transaction, the chief executive officer now directly owns 969,911 shares of the company’s stock, valued at approximately $47,079,479.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. grew its stake in shares of Generac by 1.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,749,267 shares of the technology company’s stock worth $86,624,000 after purchasing an additional 22,209 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Generac by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,565,700 shares of the technology company’s stock worth $71,912,000 after purchasing an additional 100,711 shares during the period. Investec Asset Management LTD acquired a new position in shares of Generac during the 4th quarter worth $72,779,000. State Street Corp grew its stake in shares of Generac by 5.1% during the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after purchasing an additional 60,746 shares during the period. Finally, WS Management Lllp grew its stake in shares of Generac by 6.4% during the 4th quarter. WS Management Lllp now owns 1,011,154 shares of the technology company’s stock worth $50,072,000 after purchasing an additional 61,154 shares during the period. 96.23% of the stock is currently owned by institutional investors.
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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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