Generac Holdings (GNRC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.60. The company posted revenue of $367.40 million in the period, compared to analysts expectations of $355.02 million. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Generac Holdings. Generac Holdings was Downgraded by BofA/Merrill to ” Neutral” on Aug 1, 2016.
Generac Holdings opened for trading at $37.58 and hit $38.05 on the upside on Friday, eventually ending the session at $37.79, with a gain of 0.61% or 0.23 points. The heightened volatility saw the trading volume jump to 4,47,515 shares. Company has a market cap of $2,515 M.
In a different news, on May 27, 2016, York A. Ragen (Chief Financial Officer) sold 12,500 shares at $37.46 per share price. According to the SEC, on Jun 17, 2015, Aaron Jagdfeld (Pres. and CEO) sold 3,972 shares at $40.05 per share price. On Feb 18, 2015, Russell S Minick (Executive Vice President) sold 12,636 shares at $50.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Generac Holdings Inc. is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential light commercial industrial oil and gas and construction markets. Its other engine powered products that it designs and manufactures include light towers which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas construction and other industrial markets and a product line of power washers for residential and commercial use. It designs manufactures sources and modifies engines alternators transfer switches and other components necessary for its products. It also sells direct to certain national and regional account customers including telecommunication retail banking convenience stores grocery stores and other light commercial applications. Its products include residential products commercial and industrial (C&I) products and other products.