Brokerages Anticipate Generac Holdings Inc. (GNRC) Will Post Quarterly Sales of $549.08 Million

Wall Street brokerages expect Generac Holdings Inc. (NYSE:GNRC) to announce $549.08 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Generac’s earnings, with the lowest sales estimate coming in at $529.30 million and the highest estimate coming in at $557.30 million. Generac reported sales of $488.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is expected to report its next earnings report before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Generac will report full-year sales of $2.00 billion for the current fiscal year, with estimates ranging from $1.95 billion to $2.01 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.03 billion, with estimates ranging from $1.88 billion to $2.12 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Generac.

Several research analysts have commented on GNRC shares. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, January 17th. ValuEngine raised shares of Generac from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. William Blair cut shares of Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Finally, Robert W. Baird upped their target price on shares of Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.61.

NYSE GNRC opened at $49.99 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 0.98. Generac has a 1-year low of $42.96 and a 1-year high of $60.70. The company has a market capitalization of $3.10 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23.

In related news, CFO York A. Ragen sold 36,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $54.84, for a total transaction of $1,974,240.00. Following the completion of the transaction, the chief financial officer now owns 185,108 shares in the company, valued at $10,151,322.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $53.08, for a total transaction of $1,061,600.00. Following the transaction, the chief executive officer now owns 747,771 shares of the company’s stock, valued at approximately $39,691,684.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,000 shares of company stock valued at $5,165,240. Company insiders own 3.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC boosted its stake in Generac by 1.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 15,812 shares of the technology company’s stock valued at $786,000 after purchasing an additional 197 shares during the period. Gagnon Securities LLC raised its holdings in Generac by 1.0% in the fourth quarter. Gagnon Securities LLC now owns 28,978 shares of the technology company’s stock worth $1,440,000 after buying an additional 273 shares during the last quarter. ETF Managers Group LLC raised its holdings in Generac by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 2,840 shares of the technology company’s stock worth $141,000 after buying an additional 387 shares during the last quarter. Enlightenment Research LLC purchased a new position in Generac in the fourth quarter worth about $25,000. Finally, First Hawaiian Bank raised its holdings in Generac by 71.5% in the fourth quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock worth $70,000 after buying an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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