Generac Holdlings (GNRC) Releases FY12 Earnings Guidance
Generac Holdlings (GNRC) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.95-3.00 for the period.
Generac Holdlings (GNRC) traded up 17.65% on Wednesday, hitting $33.33. Generac Holdlings (GNRC) has a 52-week low of $18.35 and a 52-week high of $30.61. The company has a market cap of $2.269 billion and a price-to-earnings ratio of 5.64.
Generac Holdlings last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.03. Generac Holdlings’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that Generac Holdlings (GNRC) will post $2.66 EPS for the current fiscal year.
A number of analysts have recently weighed in on GNRC shares. Analysts at KeyBanc Capital Mkts upgraded shares of Generac Holdlings from a hold rating to a buy rating in a research note to investors on Wednesday. On a related note, analysts at KeyBanc upgraded shares of Generac Holdlings from a hold rating to a buy rating in a research note to investors on Wednesday. Finally, analysts at Canaccord Genuity reiterated a buy rating on shares of Generac Holdlings in a research note to investors on Tuesday, October 2nd. They now have a $31.00 price target on the stock.
Generac Holdings Inc. (Generac) is a designer and manufacturer of a range of automatic, stationary standby and portable generators.
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