FY2024 Earnings Forecast for Generac Issued By William Blair

Generac Holdings Inc. (NYSE:GNRC) – Investment analysts at William Blair upped their FY2024 earnings per share estimates for shares of Generac in a report released on Thursday, October 31st. William Blair analyst B. Drab now forecasts that the technology company will post earnings of $6.73 per share for the year, up from their previous estimate of $6.43. The consensus estimate for Generac’s current full-year earnings is $6.67 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.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Scotiabank boosted their target price on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Northland Securities raised their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.10.

Generac Price Performance

NYSE:GNRC opened at $181.80 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $10.94 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. Generac has a 12 month low of $100.23 and a 12 month high of $182.31. The company’s 50-day moving average price is $157.94 and its two-hundred day moving average price is $149.02.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its position in 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 acquiring an additional 100 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 97 shares during the period. Capital Advisors Ltd. LLC grew its holdings in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in Generac during the 2nd quarter worth $38,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.