Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at Northcoast Research increased their Q1 2018 earnings per share estimates for shares of Generac in a report released on Wednesday. Northcoast Research analyst T. Hayes now anticipates that the technology company will earn $0.51 per share for the quarter, up from their prior estimate of $0.47. Northcoast Research also issued estimates for Generac’s Q3 2018 earnings at $0.89 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.87 EPS and FY2019 earnings at $3.71 EPS.
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, beating the Zacks’ consensus estimate of $1.20 by $0.17. Generac had a return on equity of 48.32% and a net margin of 9.53%. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $475.15 million. During the same quarter last year, the firm earned $1.12 EPS. Generac’s revenue for the quarter was up 16.9% compared to the same quarter last year.
Shares of Generac (GNRC) opened at $46.58 on Thursday. Generac has a 1 year low of $33.77 and a 1 year high of $53.78. The stock has a market capitalization of $2,799.22, a P/E ratio of 18.20, 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.
A number of hedge funds have recently bought and sold shares of the business. Burgundy Asset Management Ltd. grew its stake in Generac by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,749,267 shares of the technology company’s stock valued at $86,624,000 after purchasing an additional 22,209 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Generac by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,565,700 shares of the technology company’s stock valued at $71,912,000 after purchasing an additional 100,711 shares in the last quarter. Investec Asset Management LTD bought a new position in Generac in the fourth quarter valued at approximately $72,779,000. State Street Corp grew its stake in Generac by 5.1% in the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares in the last quarter. Finally, WS Management Lllp grew its stake in Generac by 6.4% in the fourth quarter. WS Management Lllp now owns 1,011,154 shares of the technology company’s stock valued at $50,072,000 after purchasing an additional 61,154 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.54, for a total value 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 SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.
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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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