Brokerages expect Generac Holdings Inc. (NYSE:GNRC) to post $1.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Generac’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.48. Generac reported earnings of $1.43 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The business is scheduled to announce its next earnings results before the market opens on Thursday, November 7th.

On average, analysts expect that Generac will report full-year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.64 to $4.90. For the next fiscal year, analysts expect that the company will report earnings of $5.08 per share, with EPS estimates ranging from $4.80 to $5.34. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Generac.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $541.90 million for the quarter, compared to the consensus estimate of $538.96 million. Generac had a net margin of 12.09% and a return on equity of 38.99%. Generac’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS.

Several brokerages have commented on GNRC. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $64.00 to $86.00 in a report on Monday, July 1st. ValuEngine downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America restated a “buy” rating and set a $88.00 target price on shares of Generac in a report on Monday, September 16th. Finally, Canaccord Genuity set a $80.00 target price on shares of Generac and gave the stock a “hold” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.60.

In other news, EVP Erik Wilde sold 7,587 shares of Generac stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $71.44, for a total value of $542,015.28. Following the sale, the executive vice president now directly owns 11,196 shares in the company, valued at $799,842.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Russell S. Minick sold 10,328 shares of Generac stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $73.91, for a total transaction of $763,342.48. Following the completion of the sale, the insider now owns 24,743 shares in the company, valued at $1,828,755.13. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Generac by 48.6% in the second quarter. JPMorgan Chase & Co. now owns 2,962,407 shares of the technology company’s stock valued at $206,688,000 after purchasing an additional 969,451 shares during the last quarter. Investec Asset Management LTD grew its stake in shares of Generac by 2.6% in the second quarter. Investec Asset Management LTD now owns 1,478,640 shares of the technology company’s stock valued at $102,632,000 after buying an additional 37,105 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Generac by 0.6% in the second quarter. Janus Henderson Group PLC now owns 1,467,317 shares of the technology company’s stock valued at $101,846,000 after buying an additional 8,206 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of Generac by 31.8% in the second quarter. Impax Asset Management Group plc now owns 1,352,289 shares of the technology company’s stock valued at $93,862,000 after buying an additional 326,138 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Generac by 34.8% in the second quarter. Bank of America Corp DE now owns 847,282 shares of the technology company’s stock valued at $58,811,000 after buying an additional 218,959 shares in the last quarter. Institutional investors own 96.41% of the company’s stock.

GNRC stock traded up $1.59 during mid-day trading on Tuesday, hitting $87.33. 600,929 shares of the company were exchanged, compared to its average volume of 728,477. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.00 and a current ratio of 2.19. The firm has a market cap of $5.35 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.75 and a beta of 1.15. The firm’s 50 day simple moving average is $80.35 and its 200 day simple moving average is $68.01. Generac has a 1-year low of $45.43 and a 1-year high of $88.45.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Earnings History and Estimates for Generac (NYSE:GNRC)

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