FY2024 Earnings Estimate for Generac Issued By William Blair

Generac Holdings Inc. (NYSE:GNRC) – Investment analysts at William Blair raised their FY2024 earnings estimates for shares of Generac in a research report issued on Thursday, October 31st. William Blair analyst B. Drab now anticipates that the technology company will post earnings per share of $6.73 for the year, up from their previous estimate of $6.43. The consensus estimate for Generac’s current full-year earnings is $6.49 per share. William Blair also issued estimates for Generac’s Q4 2024 earnings at $2.26 EPS, Q1 2025 earnings at $1.45 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.26 EPS and FY2025 earnings at $7.86 EPS.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $1.64 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year.

GNRC has been the topic of several other reports. Northland Securities increased their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday. Citigroup increased their price objective on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird lowered their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and an average price target of $169.10.

Generac Price Performance

NYSE:GNRC opened at $170.74 on Monday. The firm’s fifty day moving average price is $157.43 and its two-hundred day moving average price is $148.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.99. The company has a market cap of $10.27 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.13 and a beta of 1.37. Generac has a one year low of $100.23 and a one year high of $176.14.

Hedge Funds Weigh In On Generac

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. EntryPoint Capital LLC increased its position in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Blue Trust Inc. increased its position in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Generac during the second quarter worth $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

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.