Generac (GNRC) Set to Announce Earnings on Wednesday

Generac (NYSE:GNRC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.81 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 posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Stock Down 2.1 %

Shares of NYSE:GNRC opened at $137.21 on Tuesday. The firm has a market capitalization of $8.27 billion, a P/E ratio of 41.71, a P/E/G ratio of 1.85 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The stock has a 50 day moving average price of $123.02 and a 200-day moving average price of $117.46. Generac has a 52-week low of $79.86 and a 52-week high of $156.95.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent research reports. UBS Group lowered their price objective on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Canaccord Genuity Group lifted their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen cut their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Citigroup raised their price objective on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average price target of $141.65.

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.