Generac (NYSE:GNRC) Announces Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Generac (NYSE:GNRC - Get Free Report) posted its quarterly earnings results on Wednesday. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.31, Zacks reports. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac updated its FY 2025 guidance to EPS.

Generac Trading Down 0.0 %

NYSE GNRC traded down $0.03 during trading hours on Friday, hitting $146.80. 1,028,876 shares of the company's stock were exchanged, compared to its average volume of 743,531. The stock has a 50-day simple moving average of $156.31 and a 200 day simple moving average of $160.57. Generac has a 1-year low of $108.89 and a 1-year high of $195.94. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GNRC shares. Barclays started coverage on Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective on the stock. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday. Roth Mkm increased their target price on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen increased their target price on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average price target of $174.00.

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.