Q3 2024 EPS Estimates for Generac Holdings Inc. (NYSE:GNRC) Decreased by Analyst

Generac Holdings Inc. (NYSE:GNRC) – Roth Capital reduced their Q3 2024 EPS estimates for Generac in a note issued to investors on Wednesday, May 1st. Roth Capital analyst C. Moore now anticipates that the technology company will post earnings of $2.00 per share for the quarter, down from their previous estimate of $2.03. The consensus estimate for Generac’s current full-year earnings is $6.10 per share. Roth Capital also issued estimates for Generac’s Q4 2024 earnings at $2.13 EPS and FY2024 earnings at $6.28 EPS.

A number of other research firms have also weighed in on GNRC. Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Citigroup lifted their price objective on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Oppenheimer upped their target price on Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, TD Cowen reduced their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.40.

Generac Trading Up 0.1 %

Shares of NYSE:GNRC opened at $136.41 on Monday. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 1.82 and a beta of 1.41. The business has a 50-day moving average price of $125.50 and a 200-day moving average price of $119.00.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the previous year, the firm earned $0.63 EPS. Generac’s revenue was up .2% compared to the same quarter last year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

Institutional Trading of Generac

A number of large investors have recently made changes to their positions in GNRC. Stevens Capital Management LP purchased a new position in Generac in the fourth quarter valued at approximately $916,000. Duality Advisers LP acquired a new stake in shares of Generac during the 4th quarter valued at approximately $964,000. Ninety One UK Ltd boosted its position in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after purchasing an additional 56,169 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after buying an additional 20,240 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Generac by 13.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after purchasing an additional 9,849 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Company Profile

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.