Generac (NYSE:GNRC) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Generac (NYSE:GNRC) announced its quarterly earnings results on Wednesday. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31, Zacks reports. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac updated its FY 2025 guidance to EPS.

Generac Trading Up 7.5 %

Shares of NYSE GNRC traded up $10.61 during trading hours on Wednesday, reaching $152.35. The stock had a trading volume of 1,131,623 shares, compared to its average volume of 791,388. Generac has a 52-week low of $108.89 and a 52-week high of $195.94. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 1.44 and a beta of 1.42. The business’s fifty day moving average price is $159.13 and its two-hundred day moving average price is $160.88. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GNRC. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Barclays started coverage on Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $173.55.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company 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.