Generac Holdlings (NASDAQ:GNRC) declared a special dividend on Monday, June 3rd, StockRatingsNetwork reports. Shareholders of record on Wednesday, June 12th will be given a dividend of $5.00 per share on Friday, June 21st. The ex-dividend date of this dividend is Monday, June 10th.
GNRC has been the subject of a number of recent research reports. Analysts at JP Morgan Cazenove raised their price target on shares of Generac Holdlings from $34.00 to $35.00 in a research note to investors on Monday, May 13th. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Generac Holdlings from $40.00 to $41.50 in a research note to investors on Monday, May 6th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Generac Holdlings from $42.00 to $46.00 in a research note to investors on Friday, May 3rd. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Generac Holdlings currently has an average rating of “Buy” and a consensus target price of $40.39.
Generac Holdlings (NASDAQ: GNRC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.28. The company had revenue of $399.60 million for the quarter, compared to the consensus estimate of $365.83 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. Analysts expect that Generac Holdlings will post $3.44 EPS for the current fiscal year.
Generac Holdings Inc. (NASDAQ: GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
