Generac Holdings Inc. (NYSE:GNRC) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for Generac in a research report issued on Tuesday. KeyCorp analyst J. Hammond anticipates that the technology company will earn $0.64 per share for the quarter. KeyCorp has a “Overweight” rating and a $57.00 price objective on the stock. KeyCorp also issued estimates for Generac’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $1.17 EPS and FY2019 earnings at $3.50 EPS.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Generac had a return on equity of 48.32% and a net margin of 9.53%. The company had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter in the previous year, the firm earned $1.12 EPS. Generac’s revenue was up 16.9% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on GNRC. Stifel Nicolaus upped their target price on Generac from $41.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. BidaskClub cut Generac from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Bank of America set a $56.00 target price on Generac and gave the stock a “buy” rating in a report on Monday, October 23rd. Canaccord Genuity upped their target price on Generac from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research cut Generac from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Generac presently has an average rating of “Buy” and a consensus price target of $51.98.

Generac (NYSE:GNRC) opened at $46.58 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. Generac has a fifty-two week low of $33.77 and a fifty-two week high of $53.78. The company has a market capitalization of $2,799.22, a price-to-earnings ratio of 18.20, a PEG ratio of 1.44 and a beta of 1.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in shares of Generac by 6.2% in the 3rd quarter. Legal & General Group Plc now owns 60,743 shares of the technology company’s stock valued at $2,788,000 after buying an additional 3,547 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Generac by 52.3% in the 3rd quarter. Wells Fargo & Company MN now owns 222,348 shares of the technology company’s stock valued at $10,212,000 after buying an additional 76,395 shares during the last quarter. Impax Asset Management AIFM Ltd grew its position in shares of Generac by 1.9% in the 3rd quarter. Impax Asset Management AIFM Ltd now owns 416,809 shares of the technology company’s stock valued at $19,144,000 after buying an additional 7,600 shares during the last quarter. State Street Corp grew its position in shares of Generac by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after buying an additional 60,746 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Generac in the 3rd quarter valued at about $420,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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

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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 and Estimates for Generac (NYSE:GNRC)

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