Generac (NYSE:GNRC) released its quarterly earnings data on Tuesday. The technology company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.17, Bloomberg Earnings reports. Generac had a net margin of 9.53% and a return on equity of 48.32%. The business had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter last year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year.

Generac (GNRC) opened at $46.58 on Thursday. The stock has a market cap of $2,799.22, a PE ratio of 13.24, a P/E/G ratio of 1.44 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01. Generac has a 12-month low of $33.77 and a 12-month high of $53.78.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the transaction, the chief executive officer now owns 969,911 shares in the company, valued at approximately $47,079,479.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its position in Generac by 26,222.2% in the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after buying an additional 2,360 shares in the last quarter. Macquarie Group Ltd. bought a new position in Generac in the 3rd quarter valued at about $175,000. Financial Gravity Companies Inc. bought a new position in Generac in the 4th quarter valued at about $190,000. C M Bidwell & Associates Ltd. bought a new position in Generac in the 4th quarter valued at about $193,000. Finally, Rothschild Investment Corp IL bought a new position in Generac in the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

A number of research firms recently weighed in on GNRC. Canaccord Genuity increased their price objective on shares of Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Generac in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Generac from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Bank of America set a $56.00 price objective on shares of Generac and gave the stock a “buy” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.98.

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About Generac

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Earnings History for Generac (NYSE:GNRC)

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