Brokerages expect Generac Holdings Inc. (NYSE:GNRC) to post $0.74 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Generac’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.61. Generac reported earnings per share of $1.20 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.3%. The company is expected to issue its next quarterly earnings results on Thursday, August 6th.
According to Zacks, analysts expect that Generac will report full-year earnings of $4.25 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.45. For the next fiscal year, analysts expect that the business will report earnings of $5.04 per share, with EPS estimates ranging from $4.63 to $5.56. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Generac.
Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. Generac had a net margin of 11.39% and a return on equity of 32.73%. The business had revenue of $475.90 million during the quarter, compared to analyst estimates of $473.87 million. During the same period in the previous year, the business earned $0.91 EPS. Generac’s revenue was up .5% compared to the same quarter last year.
Generac stock traded up $3.05 during mid-day trading on Tuesday, reaching $121.93. The company’s stock had a trading volume of 902,388 shares, compared to its average volume of 961,800. The firm’s fifty day moving average price is $111.58 and its two-hundred day moving average price is $103.68. The company has a market capitalization of $7.38 billion, a P/E ratio of 30.79, a PEG ratio of 4.26 and a beta of 0.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.34 and a current ratio of 2.50. Generac has a 12-month low of $68.23 and a 12-month high of $123.19.
In other Generac news, CFO York A. Ragen sold 6,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 130,312 shares of the company’s stock, valued at $13,542,023.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Russell S. Minick sold 32,686 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $99.70, for a total transaction of $3,258,794.20. Following the completion of the sale, the chief marketing officer now directly owns 14,150 shares of the company’s stock, valued at $1,410,755. The disclosure for this sale can be found here. Insiders have sold a total of 58,978 shares of company stock valued at $6,001,485 over the last ninety days. 2.90% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Generac by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,825 shares of the technology company’s stock worth $2,220,000 after purchasing an additional 130 shares during the last quarter. CapWealth Advisors LLC raised its stake in shares of Generac by 0.7% during the first quarter. CapWealth Advisors LLC now owns 21,646 shares of the technology company’s stock valued at $1,502,000 after acquiring an additional 140 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Generac by 5.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,910 shares of the technology company’s stock valued at $271,000 after acquiring an additional 141 shares during the last quarter. AlphaCrest Capital Management LLC raised its stake in shares of Generac by 1.9% during the first quarter. AlphaCrest Capital Management LLC now owns 7,768 shares of the technology company’s stock valued at $724,000 after acquiring an additional 148 shares during the last quarter. Finally, Squar Milner Financial Services LLC raised its stake in shares of Generac by 16.8% during the first quarter. Squar Milner Financial Services LLC now owns 1,080 shares of the technology company’s stock valued at $100,000 after acquiring an additional 155 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.
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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