Roth Capital Has Positive Outlook of Generac FY2024 Earnings

Generac Holdings Inc. (NYSE:GNRC) – Equities research analysts at Roth Capital increased their FY2024 EPS estimates for shares of Generac in a research note issued on Tuesday, October 22nd. Roth Capital analyst C. Moore now forecasts that the technology company will post earnings per share of $6.65 for the year, up from their prior forecast of $6.45. The consensus estimate for Generac’s current full-year earnings is $6.47 per share. Roth Capital also issued estimates for Generac’s Q4 2024 earnings at $2.41 EPS, Q1 2025 earnings at $1.45 EPS, Q2 2025 earnings at $1.79 EPS, Q4 2025 earnings at $2.68 EPS and FY2025 earnings at $8.50 EPS.

Several other equities analysts have also recently commented on the stock. Roth Mkm raised their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday. Scotiabank raised their target price on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Generac in a research note on Monday, August 5th. Finally, Piper Sandler lifted their price objective on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Generac has an average rating of “Hold” and an average target price of $165.40.

Generac Stock Down 0.1 %

Generac stock opened at $166.03 on Wednesday. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 2.22 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $155.61 and its two-hundred day moving average price is $146.88. Generac has a 52 week low of $79.86 and a 52 week high of $176.14.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. Generac’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS.

Institutional Trading of Generac

Several institutional investors have recently made changes to their positions in the stock. Capital World Investors boosted its holdings in shares of Generac by 2.1% during the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares during the period. William Blair Investment Management LLC acquired a new stake in Generac in the second quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP lifted its stake in Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after acquiring an additional 35,026 shares during the last quarter. Ninety One UK Ltd lifted its stake in Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after acquiring an additional 3,849 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

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.