Generac (GNRC) Scheduled to Post Quarterly Earnings on Wednesday

Generac (NYSE:GNRC - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Generac to post earnings of $0.81 per share for the quarter. Generac has set its FY 2024 guidance at EPS.Persons interested in registering for the company's conference call can do so using this link.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. On average, analysts expect Generac to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Generac Stock Performance

Generac stock traded up $1.08 during trading hours on Wednesday, reaching $137.18. 770,191 shares of the stock were exchanged, compared to its average volume of 1,042,018. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm's 50 day moving average is $121.53 and its 200 day moving average is $116.52. The stock has a market cap of $8.27 billion, a P/E ratio of 41.43, a P/E/G ratio of 1.77 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GNRC. TD Cowen lowered 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. Guggenheim cut shares of Generac from a "buy" rating to a "neutral" rating in a research report on Thursday, February 15th. Citigroup boosted their price target on Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Roth Mkm lifted their price objective on Generac from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.65.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the sale, the chief executive officer now owns 577,690 shares in the company, valued at $66,561,441.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% 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.