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

Generac (NYSE:GNRC) announced its 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 Stock Up 3.1 %

GNRC traded up $4.37 during trading on Wednesday, reaching $146.11. The stock had a trading volume of 188,322 shares, compared to its average volume of 757,561. Generac has a one year low of $108.89 and a one year high of $195.94. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $159.13 and its two-hundred day moving average is $160.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GNRC shares. Piper Sandler dropped their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. TD Cowen raised their price target on Generac from $172.00 to $183.00 and gave the stock 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 note on Monday, October 28th. Finally, The Goldman Sachs Group raised their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $173.55.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.90% of the stock is 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.