Generac Holdings Inc. (NYSE:GNRC) – Equities researchers at SunTrust Banks raised their Q1 2018 earnings per share estimates for shares of Generac in a research note issued on Wednesday. SunTrust Banks analyst C. Brady now forecasts that the technology company will post earnings of $0.63 per share for the quarter, up from their previous forecast of $0.57. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Generac’s Q2 2018 earnings at $0.87 EPS, Q4 2018 earnings at $1.23 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $3.98 EPS.

Generac (NYSE:GNRC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.17. Generac had a return on equity of 48.32% and a net margin of 9.53%. The company had revenue of $488.00 million during the quarter, compared to analyst estimates of $475.15 million. During the same period in the prior year, the company posted $1.12 earnings per share. Generac’s quarterly revenue was up 16.9% on a year-over-year basis.

GNRC has been the subject of several other reports. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub raised Generac from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. KeyCorp increased their target price on Generac from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Bank of America restated a “buy” rating and set a $49.84 target price (down previously from $58.00) on shares of Generac in a research report on Monday. Finally, Wolfe Research downgraded Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $51.98.

Generac (GNRC) opened at $46.58 on Thursday. Generac has a twelve month low of $33.77 and a twelve month high of $53.78. The firm has a market capitalization of $2,799.22, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.57. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92.

Several large investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. grew its stake in shares of Generac by 1.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,749,267 shares of the technology company’s stock valued at $86,624,000 after buying an additional 22,209 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Generac by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,565,700 shares of the technology company’s stock valued at $71,912,000 after buying an additional 100,711 shares during the last quarter. Investec Asset Management LTD bought a new position in shares of Generac during the fourth quarter valued at about $72,779,000. State Street Corp grew its stake in shares of Generac by 5.1% during the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after buying an additional 60,746 shares during the last quarter. Finally, WS Management Lllp grew its stake in shares of Generac by 6.4% during the fourth quarter. WS Management Lllp now owns 1,011,154 shares of the technology company’s stock valued at $50,072,000 after buying an additional 61,154 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the transaction, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at $48,559,851.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

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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.

Earnings History and Estimates for Generac (NYSE:GNRC)

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