Oppenheimer Analysts Cut Earnings Estimates for Generac Holdings Inc. (GNRC)

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at Oppenheimer lowered their Q1 2018 earnings estimates for Generac in a report released on Tuesday. Oppenheimer analyst C. Glynn now expects that the technology company will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.72. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Generac’s Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.06 EPS and FY2018 earnings at $3.55 EPS.

Generac (NYSE:GNRC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Generac had a net margin of 9.53% and a return on equity of 48.32%. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $475.15 million. During the same period in the previous year, the firm earned $1.12 earnings per share. Generac’s quarterly revenue was up 16.9% compared to the same quarter last year.

A number of other brokerages also recently commented on GNRC. Canaccord Genuity lifted their target price on shares of Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Bank of America set a $56.00 price target on shares of Generac and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Generac from $41.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.98.

Generac (NYSE GNRC) opened at $46.58 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. Generac has a 52 week low of $33.77 and a 52 week high of $53.78. The company has a market cap of $2,799.22, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.57.

Several hedge funds have recently made changes to their positions in GNRC. Investec Asset Management LTD acquired a new position in shares of Generac in the fourth quarter valued at approximately $72,779,000. Pictet Asset Management Ltd. acquired a new position in shares of Generac in the third quarter valued at approximately $40,510,000. Janus Henderson Group PLC acquired a new position in shares of Generac in the second quarter valued at approximately $20,734,000. Millennium Management LLC grew its holdings in shares of Generac by 516.5% in the fourth quarter. Millennium Management LLC now owns 464,420 shares of the technology company’s stock valued at $22,998,000 after purchasing an additional 389,084 shares in the last quarter. Finally, Impax Asset Management LTD grew its holdings in shares of Generac by 29.8% in the fourth quarter. Impax Asset Management LTD now owns 1,001,490 shares of the technology company’s stock valued at $49,594,000 after purchasing an additional 230,165 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 969,911 shares in the company, valued at $47,079,479.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% 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.

Earnings History and Estimates for Generac (NYSE:GNRC)

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