Generac (GNRC) to Release Quarterly Earnings on Thursday

Generac (NYSE:GNRC - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Generac to post earnings of $1.97 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Price Performance

Shares of Generac stock traded down $0.13 during trading hours on Thursday, reaching $166.05. The stock had a trading volume of 409,144 shares, compared to its average volume of 953,780. The stock's 50 day moving average is $155.27 and its 200 day moving average is $146.74. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. The firm has a market capitalization of $10.06 billion, a PE ratio of 45.47, a PEG ratio of 2.22 and a beta of 1.38.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 562,177 shares of the company's stock, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GNRC shares. The Goldman Sachs Group increased their price target on Generac from $129.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. StockNews.com cut shares of Generac from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Citigroup upped their price objective on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday. TD Cowen lifted their target price on shares of Generac from $144.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Generac from $142.00 to $163.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $165.40.

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.