Roth Capital Has Positive Outlook of Generac FY2024 Earnings

Generac Holdings Inc. (NYSE:GNRC) – Stock analysts at Roth Capital boosted their FY2024 EPS estimates for Generac in a research report 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 previous 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.

A number of other research firms have also issued reports on GNRC. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Northland Securities raised their price target on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Canaccord Genuity Group boosted their price target on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen raised their price objective on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their price target on shares of Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Hold” and a consensus target price of $165.40.

Generac Stock Performance

NYSE:GNRC opened at $167.44 on Wednesday. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 46.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. 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 has a 50-day moving average of $154.84 and a 200-day moving average of $146.61.

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

Institutional Trading of Generac

Hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Generac in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

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.