Analysts Anticipate Generac Holdlings Inc. (GNRC) to Announce $0.64 EPS
Wall Street brokerages expect Generac Holdlings Inc. (NYSE:GNRC) to announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Generac Holdlings’ earnings, with estimates ranging from $0.60 to $0.72. Generac Holdlings also reported earnings of $0.64 per share during the same quarter last year. The business is expected to report its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Generac Holdlings will report full year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.77 to $3.10. For the next financial year, analysts forecast that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $3.05 to $3.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Generac Holdlings.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Generac Holdlings had a net margin of 6.81% and a return on equity of 45.83%. The firm had revenue of $331.80 million during the quarter, compared to analysts’ expectations of $321.82 million. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis.
Several equities research analysts have issued reports on the company. ValuEngine upgraded Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. TheStreet lowered Generac Holdlings from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 target price on shares of Generac Holdlings in a research report on Friday, April 21st. Finally, Zacks Investment Research upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.00.
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $36.50, for a total value of $182,500.00. Following the sale, the chief executive officer now owns 1,049,911 shares of the company’s stock, valued at approximately $38,321,751.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Generac Holdlings by 13,069.4% in the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock worth $155,006,000 after buying an additional 4,126,286 shares in the last quarter. Norges Bank bought a new stake in shares of Generac Holdlings during the fourth quarter worth about $25,463,000. Copper Rock Capital Partners LLC bought a new stake in shares of Generac Holdlings during the first quarter worth about $21,614,000. Vivaldi Capital Management LLC bought a new stake in shares of Generac Holdlings during the first quarter worth about $8,819,218,000. Finally, Foundry Partners LLC raised its stake in shares of Generac Holdlings by 264.1% in the first quarter. Foundry Partners LLC now owns 306,236 shares of the technology company’s stock worth $11,416,000 after buying an additional 222,117 shares during the period. 99.84% of the stock is currently owned by institutional investors.
Shares of Generac Holdlings (NYSE:GNRC) traded up 0.11% during mid-day trading on Wednesday, reaching $35.95. 268,882 shares of the company’s stock were exchanged. Generac Holdlings has a one year low of $32.33 and a one year high of $44.84. The company’s 50-day moving average price is $35.51 and its 200-day moving average price is $38.03. The company has a market capitalization of $2.26 billion, a PE ratio of 22.88 and a beta of 1.40.
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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