FY2021 EPS Estimates for Generac Holdings Inc. Boosted by Analyst (NYSE:GNRC)

Generac Holdings Inc. (NYSE:GNRC) – Research analysts at Truist Securiti lifted their FY2021 earnings per share estimates for Generac in a report released on Monday, October 25th. Truist Securiti analyst T. Richardson now expects that the technology company will post earnings of $10.36 per share for the year, up from their previous forecast of $10.15. Truist Securiti also issued estimates for Generac’s FY2022 earnings at $13.12 EPS, FY2023 earnings at $13.94 EPS and FY2024 earnings at $16.12 EPS.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 28th. The technology company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.04. The firm had revenue of $919.98 million during the quarter, compared to analyst estimates of $872.36 million. Generac had a net margin of 16.18% and a return on equity of 39.62%.

Other analysts have also issued reports about the stock. Canaccord Genuity boosted their target price on shares of Generac from $500.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 30th. Roth Capital lifted their price target on shares of Generac from $480.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, September 28th. Truist Securities assumed coverage on shares of Generac in a report on Friday, October 15th. They set a “buy” rating and a $500.00 price target on the stock. KeyCorp lifted their price target on shares of Generac from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, October 20th. Finally, Piper Sandler lifted their price target on shares of Generac from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, August 31st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $449.59.

Shares of NYSE GNRC opened at $472.71 on Tuesday. The firm has a 50 day moving average of $427.23 and a 200 day moving average of $386.36. The company has a current ratio of 2.02, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $29.84 billion, a price-to-earnings ratio of 58.14, a price-to-earnings-growth ratio of 6.90 and a beta of 0.89. Generac has a 12-month low of $202.02 and a 12-month high of $479.15.

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Friday, October 1st. The shares were sold at an average price of $402.53, for a total transaction of $2,012,650.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. Meridian Wealth Partners LLC bought a new position in shares of Generac in the first quarter worth about $28,000. Northern Oak Wealth Management Inc. bought a new position in Generac during the 1st quarter worth about $33,000. AdvisorNet Financial Inc grew its holdings in Generac by 462.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 90 shares of the technology company’s stock worth $37,000 after acquiring an additional 74 shares in the last quarter. BDO Wealth Advisors LLC grew its holdings in Generac by 257.1% during the 1st quarter. BDO Wealth Advisors LLC now owns 125 shares of the technology company’s stock worth $41,000 after acquiring an additional 90 shares in the last quarter. Finally, Optimum Investment Advisors bought a new position in Generac during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Generac

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Earnings History and Estimates for Generac (NYSE:GNRC)

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