Brokers Set Expectations for Generac Holdings Inc.’s Q1 2018 Earnings (GNRC)

Generac Holdings Inc. (NYSE:GNRC) – Investment analysts at William Blair raised their Q1 2018 EPS estimates for shares of Generac in a research report issued to clients and investors on Tuesday. William Blair analyst B. Drab now forecasts that the technology company will earn $0.58 per share for the quarter, up from their prior forecast of $0.52. William Blair also issued estimates for Generac’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $3.44 EPS and FY2019 earnings at $3.75 EPS.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $475.15 million. Generac had a return on equity of 48.32% and a net margin of 9.53%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS.

A number of other research analysts also recently issued reports on the company. KeyCorp boosted their price objective on Generac from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. BidaskClub downgraded Generac from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of Generac in a research report on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $48.00 target price on shares of Generac in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.98.

Generac (NYSE:GNRC) opened at $46.58 on Thursday. The stock has a market capitalization of $2,799.22, a PE ratio of 13.24, a PEG ratio of 1.44 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01. Generac has a 52 week low of $33.77 and a 52 week high of $53.78.

A number of institutional investors and hedge funds have recently modified their holdings of GNRC. New York State Common Retirement Fund increased its holdings in Generac by 14.8% during the 2nd quarter. New York State Common Retirement Fund now owns 79,076 shares of the technology company’s stock worth $2,857,000 after purchasing an additional 10,175 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Generac by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,464,989 shares of the technology company’s stock worth $52,930,000 after purchasing an additional 48,421 shares in the last quarter. Voya Investment Management LLC increased its holdings in Generac by 6.5% during the 2nd quarter. Voya Investment Management LLC now owns 28,851 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 1,760 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Generac during the 2nd quarter worth approximately $20,734,000. Finally, State Street Corp increased its holdings in Generac by 5.1% during the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after purchasing an additional 60,746 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at approximately $48,559,851.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

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Generac Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Earnings History and Estimates for Generac (NYSE:GNRC)

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