Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Generac in a research note issued on Tuesday. KeyCorp analyst J. Hammond anticipates that the technology company will post earnings of $0.64 per share for the quarter. KeyCorp has a “Overweight” rating and a $57.00 price target on the stock. KeyCorp also issued estimates for Generac’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $1.17 EPS and FY2019 earnings at $3.50 EPS.
A number of other brokerages have also commented on GNRC. Canaccord Genuity upped their price target on Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Oppenheimer reiterated a “hold” rating on shares of Generac in a report on Wednesday, November 1st. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub upgraded Generac from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Bank of America set a $56.00 price target on Generac and gave the stock a “buy” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $51.98.
Generac (NYSE:GNRC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Generac had a return on equity of 48.32% and a net margin of 9.53%. The firm had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company’s revenue was up 16.9% on a year-over-year basis.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.54, for a total transaction of $970,800.00. Following the completion of the transaction, the chief executive officer now directly owns 969,911 shares in the company, valued at $47,079,479.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GNRC. New York State Common Retirement Fund raised its stake in Generac by 14.8% during the second quarter. New York State Common Retirement Fund now owns 79,076 shares of the technology company’s stock worth $2,857,000 after acquiring an additional 10,175 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Generac by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,464,989 shares of the technology company’s stock worth $52,930,000 after acquiring an additional 48,421 shares in the last quarter. Voya Investment Management LLC raised its stake in Generac by 6.5% during the second quarter. Voya Investment Management LLC now owns 28,851 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 1,760 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Generac during the second quarter worth $20,734,000. Finally, State Street Corp raised its stake in Generac by 5.1% during the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after acquiring an additional 60,746 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
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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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