Generac Holdings Inc. (GNRC) to Post Q1 2018 Earnings of $0.63 Per Share, SunTrust Banks Forecasts

Generac Holdings Inc. (NYSE:GNRC) – Research analysts at SunTrust Banks raised their Q1 2018 earnings per share estimates for shares of Generac in a research note issued to investors on Wednesday. SunTrust Banks analyst C. Brady now anticipates that the technology company will post earnings per share of $0.63 for the quarter, up from their previous estimate of $0.57. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Generac’s Q2 2018 earnings at $0.87 EPS, Q4 2018 earnings at $1.23 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $3.98 EPS.

Other equities analysts have also recently issued research reports about the company. BidaskClub raised Generac from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Bank of America set a $56.00 price target on Generac and gave the stock a “buy” rating in a research note on Monday, October 23rd. ValuEngine cut Generac from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, January 10th. Finally, Robert W. Baird reissued a “buy” rating and issued a $52.00 price target on shares of Generac in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Generac has an average rating of “Buy” and an average target price of $51.98.

Generac (NYSE GNRC) opened at $46.58 on Thursday. The firm has a market capitalization of $2,799.22, a PE ratio of 18.20, a P/E/G ratio of 1.44 and a beta of 1.57. Generac has a 12 month low of $33.77 and a 12 month high of $53.78. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01.

Generac (NYSE:GNRC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. The firm had revenue of $488.00 million for the quarter, compared to analyst estimates of $475.15 million. Generac had a return on equity of 48.32% and a net margin of 9.53%. Generac’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share.

A number of large investors have recently added to or reduced their stakes in GNRC. IFP Advisors Inc grew its stake in Generac by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after acquiring an additional 2,360 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Generac during the 3rd quarter valued at about $175,000. Financial Gravity Companies Inc. purchased a new position in Generac during the 4th quarter valued at about $190,000. C M Bidwell & Associates Ltd. purchased a new position in Generac during the 4th quarter valued at about $193,000. Finally, Rothschild Investment Corp IL purchased a new position in Generac during the 4th quarter valued at about $203,000. 96.23% of the stock is currently owned by institutional investors.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the transaction, the chief executive officer now owns 990,411 shares of the company’s stock, valued at approximately $48,559,851.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

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Generac Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Earnings History and Estimates for Generac (NYSE:GNRC)

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