Analysts Expect Generac Holdings Inc. (GNRC) to Post $1.07 EPS
Equities research analysts forecast that Generac Holdings Inc. (NYSE:GNRC) will announce $1.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Generac’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.15. Generac reported earnings per share of $0.93 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 7th.
On average, analysts expect that Generac will report full year earnings of $4.14 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.22. For the next year, analysts anticipate that the company will post earnings of $4.27 per share, with EPS estimates ranging from $4.05 to $4.45. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Generac.
Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.20. Generac had a net margin of 11.18% and a return on equity of 46.62%. The company had revenue of $494.90 million for the quarter, compared to analyst estimates of $448.41 million. During the same quarter in the prior year, the business posted $0.69 EPS. Generac’s quarterly revenue was up 25.3% on a year-over-year basis.
Shares of GNRC opened at $54.63 on Friday. Generac has a 12 month low of $42.96 and a 12 month high of $60.70. The firm has a market cap of $3.50 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.
In related news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $56.11, for a total value of $1,122,200.00. Following the transaction, the chief executive officer now directly owns 823,571 shares in the company, valued at approximately $46,210,568.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick John Forsythe sold 45,150 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the completion of the transaction, the executive vice president now owns 25,835 shares in the company, valued at $1,473,886.75. The disclosure for this sale can be found here. Insiders sold a total of 114,150 shares of company stock worth $6,389,948 over the last quarter. 3.00% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Zacks Investment Management bought a new stake in Generac in the 2nd quarter valued at $1,092,000. Cortina Asset Management LLC lifted its holdings in shares of Generac by 30.1% during the 2nd quarter. Cortina Asset Management LLC now owns 118,469 shares of the technology company’s stock worth $6,128,000 after acquiring an additional 27,441 shares during the period. Redwood Investments LLC bought a new position in shares of Generac during the 2nd quarter worth about $19,363,000. Mackay Shields LLC lifted its holdings in shares of Generac by 41.0% during the 2nd quarter. Mackay Shields LLC now owns 32,000 shares of the technology company’s stock worth $1,656,000 after acquiring an additional 9,300 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Generac by 10.0% during the 2nd quarter. Wells Fargo & Company MN now owns 271,864 shares of the technology company’s stock worth $14,063,000 after acquiring an additional 24,747 shares during the period. 97.74% of the stock is owned by hedge funds and other institutional investors.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered 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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