Generac (GNRC) Earns News Impact Rating of 0.09
Media coverage about Generac (NYSE:GNRC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Generac earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.582677156025 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities analysts have commented on the company. Wolfe Research downgraded Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. ValuEngine downgraded Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Generac from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Monday, November 6th. SunTrust Banks reiterated a “hold” rating and issued a $48.00 target price on shares of Generac in a research report on Friday, November 3rd. Finally, Canaccord Genuity increased their target price on Generac from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.00.
Generac (GNRC) traded up $0.14 during trading on Tuesday, reaching $49.42. The company’s stock had a trading volume of 329,758 shares, compared to its average volume of 460,676. Generac has a 1 year low of $33.77 and a 1 year high of $53.78. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $3,070.00, a P/E ratio of 15.51, a PEG ratio of 1.69 and a beta of 1.67.
Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Generac had a return on equity of 46.06% and a net margin of 7.47%. The company had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year. equities research analysts forecast that Generac will post 3.22 EPS for the current year.
In other news, CMO Russell S. Minick sold 24,085 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now directly owns 39,369 shares in the company, valued at $2,004,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the chief executive officer now owns 1,029,911 shares of the company’s stock, valued at $53,555,372. The disclosure for this sale can be found here. Insiders have sold 34,085 shares of company stock valued at $1,725,208 over the last 90 days. 3.00% of the stock is owned by corporate insiders.
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.
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