Equities research analysts expect that Generac Holdings Inc. (NYSE:GNRC) will post sales of $470.31 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Generac’s earnings, with the highest sales estimate coming in at $487.20 million and the lowest estimate coming in at $457.00 million. Generac posted sales of $541.92 million during the same quarter last year, which would indicate a negative year over year growth rate of 13.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 6th.
On average, analysts expect that Generac will report full-year sales of $2.08 billion for the current financial year, with estimates ranging from $2.04 billion to $2.09 billion. For the next financial year, analysts forecast that the business will post sales of $2.30 billion, with estimates ranging from $2.22 billion to $2.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Generac.
Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. Generac had a return on equity of 32.73% and a net margin of 11.39%. The firm had revenue of $475.90 million for the quarter, compared to analyst estimates of $473.87 million. During the same period in the previous year, the company posted $0.91 EPS. Generac’s revenue for the quarter was up .5% on a year-over-year basis.
Shares of GNRC traded up $3.05 during trading on Thursday, reaching $121.93. The company’s stock had a trading volume of 902,388 shares, compared to its average volume of 961,800. Generac has a twelve month low of $68.23 and a twelve month high of $123.19. The company has a quick ratio of 1.34, a current ratio of 2.50 and a debt-to-equity ratio of 0.97. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 4.26 and a beta of 0.92. The company has a fifty day moving average of $111.58 and a two-hundred day moving average of $103.68.
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $95.50, for a total transaction of $477,500.00. Following the completion of the sale, the chief executive officer now directly owns 683,540 shares of the company’s stock, valued at $65,278,070. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO York A. Ragen sold 6,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $103.92, for a total value of $623,520.00. Following the sale, the chief financial officer now directly owns 130,312 shares of the company’s stock, valued at $13,542,023.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,978 shares of company stock valued at $6,001,485. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GNRC. BlackRock Inc. lifted its holdings in shares of Generac by 54.0% during the first quarter. BlackRock Inc. now owns 7,033,474 shares of the technology company’s stock valued at $655,311,000 after purchasing an additional 2,466,915 shares during the last quarter. Norges Bank purchased a new stake in Generac in the 4th quarter worth about $92,058,000. William Blair Investment Management LLC purchased a new stake in Generac in the 4th quarter worth about $90,023,000. Pictet Asset Management Ltd. purchased a new stake in Generac in the 1st quarter worth about $69,240,000. Finally, State Street Corp lifted its stake in Generac by 52.0% in the 1st quarter. State Street Corp now owns 1,956,386 shares of the technology company’s stock worth $182,276,000 after acquiring an additional 668,981 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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