What is Roth Capital's Estimate for Generac FY2024 Earnings?

Generac Holdings Inc. (NYSE:GNRC - Free Report) - Equities researchers at Roth Capital raised their FY2024 earnings per share 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 per share of $6.90 for the year, up from their previous 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.

Several other research analysts have also commented on the company. Truist Financial raised their price target on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Stifel Nicolaus reiterated a "buy" rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price objective on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday. One investment 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $169.10.

Generac Trading Up 1.1 %

Generac stock traded up $1.83 during mid-day trading on Monday, hitting $170.74. The company's stock had a trading volume of 768,781 shares, compared to its average volume of 950,836. Generac has a 1 year low of $100.23 and a 1 year high of $176.14. The stock's fifty day moving average is $157.17 and its two-hundred day moving average is $148.43. The firm has a market capitalization of $10.27 billion, a PE ratio of 35.41, a price-to-earnings-growth 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.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share.

Institutional Investors Weigh In On Generac

Several institutional investors have recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its stake in shares of Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock worth $388,000 after acquiring an additional 68 shares in the last quarter. Empirical Finance LLC raised its position in shares of Generac by 4.5% during the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company's stock worth $220,000 after purchasing an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock worth $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of 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 during the last quarter. Finally, Mather Group LLC. raised its position in shares of Generac by 6.5% during the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company's stock worth $243,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company's stock.

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.