Generac (GNRC) Set to Announce Earnings on Thursday

Generac (NYSE:GNRC) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Trading Down 0.8 %

Shares of Generac stock opened at $166.15 on Thursday. The company has a fifty day moving average of $155.27 and a 200 day moving average of $146.74. The company has a market capitalization of $10.07 billion, a P/E ratio of 45.77, a P/E/G ratio of 2.22 and a beta of 1.38. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $176.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GNRC shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. StockNews.com cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Piper Sandler boosted their price target on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Citigroup raised their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Northland Securities increased their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $165.40.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.