Generac (GNRC) Scheduled to Post Earnings on Wednesday

Generac (NYSE:GNRC) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Generac to post earnings of $0.81 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Price Performance

Shares of Generac stock opened at $140.12 on Monday. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45. The stock has a 50 day moving average price of $122.62 and a 200-day moving average price of $117.21. Generac has a one year low of $79.86 and a one year high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. TD Cowen decreased their target price on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Roth Mkm lifted their price objective on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by insiders.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.