Somewhat Positive News Coverage Somewhat Unlikely to Impact Generac Holdlings (GNRC) Share Price
Media headlines about Generac Holdlings (NYSE:GNRC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Generac Holdlings earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.4141041256175 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Generac Sales Up 22.5% in 3Q (mdm.com)
- Generac Reports Third Quarter 2017 Results (finance.yahoo.com)
- Generac Holdings beats Street 3Q forecasts (finance.yahoo.com)
- Generac Holdings Inc. to Host Earnings Call (finance.yahoo.com)
- Canaccord Genuity Reiterates “Hold” Rating for Generac Holdlings Inc. (GNRC) (americanbankingnews.com)
GNRC has been the subject of a number of research reports. Zacks Investment Research upgraded Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, October 11th. Bank of America Corporation upgraded Generac Holdlings from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $45.00 in a report on Thursday, September 7th. Canaccord Genuity reiterated a “hold” rating and set a $42.00 target price (up previously from $40.00) on shares of Generac Holdlings in a report on Friday, September 8th. KeyCorp boosted their target price on Generac Holdlings from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Finally, BidaskClub upgraded Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Generac Holdlings currently has an average rating of “Buy” and an average target price of $52.57.
Generac Holdlings (NYSE:GNRC) opened at $50.20 on Friday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.84 and a beta of 1.79. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.25 and a quick ratio of 1.03.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $457.25 million during the quarter, compared to analysts’ expectations of $420.42 million. Generac Holdlings had a return on equity of 47.63% and a net margin of 7.47%. Generac Holdlings’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. analysts forecast that Generac Holdlings will post 3.1 earnings per share for the current year.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 1,029,911 shares in the company, valued at approximately $53,555,372. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 15,000 shares of company stock valued at $701,000. 3.00% of the stock is owned by company insiders.
About Generac Holdlings
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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