Generac Holdings Inc. (NYSE:GNRC) Expected to Earn Q3 2022 Earnings of $3.32 Per Share

Generac Holdings Inc. (NYSE:GNRCGet Rating) – Analysts at William Blair upped their Q3 2022 earnings per share (EPS) estimates for Generac in a research note issued to investors on Wednesday, August 3rd. William Blair analyst B. Drab now expects that the technology company will post earnings of $3.32 per share for the quarter, up from their previous forecast of $3.25. The consensus estimate for Generac’s current full-year earnings is $11.75 per share.

Several other research analysts have also recently issued reports on the company. TheStreet cut Generac from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. Guggenheim cut their price objective on Generac from $561.00 to $455.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Roth Capital cut their price objective on Generac from $555.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, May 24th. Northland Securities began coverage on Generac in a research report on Wednesday, May 25th. They issued an “outperform” rating and a $370.00 price objective on the stock. Finally, Truist Financial cut their price objective on Generac from $425.00 to $365.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $424.71.

Generac Stock Up 1.9 %

Shares of NYSE:GNRC opened at $248.13 on Friday. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.12 and a beta of 1.28. The company has a quick ratio of 0.71, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. Generac has a 12-month low of $197.94 and a 12-month high of $524.31. The business’s 50 day moving average is $239.10 and its 200 day moving average is $262.52.

Generac (NYSE:GNRCGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The technology company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.65 by $0.34. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. Generac had a return on equity of 29.42% and a net margin of 12.28%. The company’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.39 earnings per share.

Institutional Investors Weigh In On Generac

A number of institutional investors have recently modified their holdings of GNRC. Aldebaran Financial Inc. boosted its holdings in Generac by 2.7% in the 4th quarter. Aldebaran Financial Inc. now owns 1,355 shares of the technology company’s stock worth $477,000 after buying an additional 35 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in Generac by 2.2% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 1,620 shares of the technology company’s stock worth $488,000 after buying an additional 35 shares during the last quarter. Profund Advisors LLC boosted its holdings in Generac by 4.1% in the 4th quarter. Profund Advisors LLC now owns 985 shares of the technology company’s stock worth $347,000 after buying an additional 39 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings in Generac by 40.0% in the 4th quarter. IAG Wealth Partners LLC now owns 140 shares of the technology company’s stock worth $49,000 after buying an additional 40 shares during the last quarter. Finally, American National Bank boosted its holdings in Generac by 59.2% in the 1st quarter. American National Bank now owns 121 shares of the technology company’s stock worth $36,000 after buying an additional 45 shares during the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $264.96, for a total transaction of $1,324,800.00. Following the sale, the chief executive officer now directly owns 610,975 shares in the company, valued at approximately $161,883,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Generac Company Profile

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Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

See Also

Earnings History and Estimates for Generac (NYSE:GNRC)

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