Generac Holdings Inc. (NYSE:GNRC - Free Report) - Stock analysts at Roth Capital upped their FY2024 EPS estimates for Generac in a research note issued on Friday, November 1st. Roth Capital analyst C. Moore now forecasts that the technology company will post earnings of $6.90 per share for the year, up from their prior estimate of $6.65. The consensus estimate for Generac's current full-year earnings is $6.49 per share. Roth Capital also issued estimates for Generac's Q4 2024 earnings at $2.44 EPS, Q1 2025 earnings at $1.53 EPS, Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.59 EPS and FY2025 earnings at $8.52 EPS.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.64 EPS. Generac's revenue for the quarter was up 9.6% on a year-over-year basis.
Several other equities research analysts also recently commented on GNRC. The Goldman Sachs Group lifted their target price on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday. Northland Securities boosted their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird cut their target price on Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Piper Sandler increased their price target on Generac from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. One research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.10.
Check Out Our Latest Report on GNRC
Shares of GNRC stock opened at $168.91 on Monday. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.13 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $157.17 and its 200-day moving average price is $148.43. Generac has a 12 month low of $98.27 and a 12 month high of $176.14.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after purchasing an additional 220 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac in the second quarter valued at approximately $38,000. 84.04% of the stock is owned by institutional investors and hedge funds.
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.
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