Revenue Update on Generac Holdings(NYSE:GNRC)

Generac Holdings(NYSE:GNRC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $417.421M. Analysts estimated a revenue of $415.440M. The revenues were 0.48% above the estimates. Earnings per share were $1.12. The reported EPS was above estimates by 8.74%. Analysts had estimated an EPS of $1.03.

Generac Holdings (GNRC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.99% or 0.4 points. Due to strong positive momentum, the stock ended at $40.74, which is also near the day’s high of $40.78. The stock began the session at $40.21 and the volume stood at 4,83,798 shares. The 52-week high of the shares is $44.84 and the 52 week low is $32.335. The company has a current market capitalization of $2,554 M and it has 6,26,96,607 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 9, 2016, Russell S Minick (EVP – Sales) sold 8,300 shares at $42.30 per share price.Also, On Nov 17, 2016, York A. Ragen (Chief Financial Officer) sold 26,685 shares at $41.24 per share price.On Jun 17, 2015, Aaron Jagdfeld (Pres. and CEO) sold 3,972 shares at $40.05 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.

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