Generac Holdings Inc. (NYSE:GNRC) Expected to Announce Quarterly Sales of $470.31 Million

Brokerages expect Generac Holdings Inc. (NYSE:GNRC) to announce $470.31 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Generac’s earnings, with estimates ranging from $457.00 million to $487.20 million. Generac reported sales of $541.92 million in the same quarter last year, which indicates a negative year over year growth rate of 13.2%. The business is scheduled to issue its next earnings results on Thursday, August 6th.

On average, analysts expect that Generac will report full-year sales of $2.08 billion for the current fiscal year, with estimates ranging from $2.04 billion to $2.09 billion. For the next year, analysts expect 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 an average based on a survey of analysts that follow Generac.

Generac (NYSE:GNRC) last released its earnings results on Thursday, April 30th. The technology company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.13. The company had revenue of $475.90 million during the quarter, compared to analysts’ expectations of $473.87 million. Generac had a return on equity of 32.73% and a net margin of 11.39%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS.

Several equities research analysts have recently commented on the company. William Blair raised Generac from a “market perform” rating to an “outperform” rating in a research note on Friday, March 27th. Oppenheimer reissued a “buy” rating and issued a $120.00 target price on shares of Generac in a research note on Tuesday, June 23rd. Roth Capital started coverage on Generac in a research note on Tuesday. They set a “buy” rating and a $140.00 price objective for the company. UBS Group started coverage on Generac in a research note on Thursday, June 25th. They set a “buy” rating and a $145.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on Generac from $109.00 to $111.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $118.80.

Shares of NYSE GNRC traded up $3.05 during midday trading on Thursday, hitting $121.93. The stock had a trading volume of 902,388 shares, compared to its average volume of 961,800. The company’s 50-day simple moving average is $111.58 and its 200 day simple moving average is $103.68. The firm has a market cap of $7.38 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 4.26 and a beta of 0.92. Generac has a fifty-two week low of $68.23 and a fifty-two week high of $123.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.50 and a quick ratio of 1.34.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $95.50, for a total value of $477,500.00. Following the sale, the chief executive officer now directly owns 683,540 shares in the company, valued at $65,278,070. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Erik Wilde sold 10,092 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $117.07, for a total value of $1,181,470.44. Following the completion of the sale, the executive vice president now owns 15,649 shares in the company, valued at $1,832,028.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,978 shares of company stock worth $6,001,485. Corporate insiders own 2.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Generac in the fourth quarter valued at about $214,000. Citigroup Inc. lifted its holdings in shares of Generac by 7.6% in the fourth quarter. Citigroup Inc. now owns 20,393 shares of the technology company’s stock valued at $2,052,000 after purchasing an additional 1,440 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Generac in the first quarter valued at about $503,000. Norges Bank acquired a new stake in shares of Generac in the fourth quarter valued at about $92,058,000. Finally, Principal Financial Group Inc. increased its position in shares of Generac by 2,123.7% in the first quarter. Principal Financial Group Inc. now owns 191,127 shares of the technology company’s stock valued at $17,808,000 after acquiring an additional 182,532 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

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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Earnings History and Estimates for Generac (NYSE:GNRC)

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