Wall Street brokerages expect Generac Holdings Inc. (NYSE:GNRC) to post earnings of $2.38 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Generac’s earnings, with the highest EPS estimate coming in at $2.46 and the lowest estimate coming in at $2.21. Generac reported earnings of $2.08 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 27th.
On average, analysts expect that Generac will report full year earnings of $10.05 per share for the current year, with EPS estimates ranging from $9.82 to $10.25. For the next year, analysts expect that the business will report earnings of $11.93 per share, with EPS estimates ranging from $10.65 to $14.11. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Generac.
Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 28th. The technology company reported $2.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.04. Generac had a net margin of 16.18% and a return on equity of 39.62%. The firm had revenue of $919.98 million during the quarter, compared to analysts’ expectations of $872.36 million.
In other Generac news, insider Patrick John Forsythe sold 4,223 shares of the company’s stock in a transaction that occurred on Monday, July 12th. The stock was sold at an average price of $450.00, for a total transaction of $1,900,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of GNRC. Kovack Advisors Inc. raised its stake in shares of Generac by 110.6% during the 2nd quarter. Kovack Advisors Inc. now owns 3,011 shares of the technology company’s stock valued at $1,250,000 after buying an additional 1,581 shares during the last quarter. Brasada Capital Management LP boosted its holdings in Generac by 4.5% in the 1st quarter. Brasada Capital Management LP now owns 9,558 shares of the technology company’s stock worth $3,130,000 after buying an additional 411 shares during the last quarter. Blair William & Co. IL boosted its holdings in Generac by 78.7% in the 1st quarter. Blair William & Co. IL now owns 72,252 shares of the technology company’s stock worth $23,659,000 after buying an additional 31,828 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Generac in the 1st quarter worth about $4,202,000. Finally, Patten & Patten Inc. TN boosted its holdings in shares of Generac by 1,002.7% during the 2nd quarter. Patten & Patten Inc. TN now owns 11,523 shares of the technology company’s stock worth $4,784,000 after purchasing an additional 10,478 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:GNRC opened at $425.22 on Friday. The firm has a market cap of $26.84 billion, a P/E ratio of 52.30, a P/E/G ratio of 6.90 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 2.02 and a debt-to-equity ratio of 0.51. Generac has a 12 month low of $173.80 and a 12 month high of $466.92. The company’s 50-day moving average price is $427.91 and its two-hundred day moving average price is $371.17.
Generac Company Profile
Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.
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