Genuine Parts (NYSE:GPC) Releases FY18 Earnings Guidance

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Genuine Parts (NYSE:GPC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.60-5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.64. The company issued revenue guidance of +14-15% to ~$1.86-1.88 billion, compared to the consensus revenue estimate of $18.63 billion.

Shares of GPC traded down $0.47 during mid-day trading on Friday, hitting $100.61. 1,083,677 shares of the company’s stock traded hands, compared to its average volume of 1,536,842. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33. Genuine Parts has a 1 year low of $84.71 and a 1 year high of $107.75. The stock has a market capitalization of $14.74 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11.

Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. Genuine Parts had a return on equity of 22.54% and a net margin of 3.99%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Research analysts forecast that Genuine Parts will post 5.65 EPS for the current fiscal year.

GPC has been the topic of several research analyst reports. Zacks Investment Research cut Genuine Parts from a hold rating to a sell rating in a research note on Wednesday, September 19th. ValuEngine raised Genuine Parts from a hold rating to a buy rating in a research note on Friday, October 19th. Bank of America cut Genuine Parts from a neutral rating to an underperform rating and set a $105.00 price target on the stock. in a research note on Tuesday, October 30th. Finally, Wedbush upped their price target on Genuine Parts from $93.00 to $100.00 and gave the stock a neutral rating in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of $104.60.

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About Genuine Parts

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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Earnings History and Estimates for Genuine Parts (NYSE:GPC)

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