Generac (GNRC) Expected to Announce Earnings on Wednesday

Generac (NYSE:GNRC) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Generac to post earnings of $2.49 per share and revenue of $1.25 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Generac Stock Up 2.1 %

Generac stock opened at $145.15 on Tuesday. The stock’s 50 day moving average price is $159.98 and its 200 day moving average price is $160.93. The company has a market cap of $8.64 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac has a 1-year low of $108.89 and a 1-year high of $195.94.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GNRC. Barclays initiated coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. Piper Sandler reduced their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Roth Mkm upped their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.55.

About Generac

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.