Genuine Parts (NYSE:GPC) Expected to Post Earnings of $1.39 Per Share

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Brokerages expect Genuine Parts (NYSE:GPC) to post earnings per share (EPS) of $1.39 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Genuine Parts’ earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $1.27. Genuine Parts reported earnings per share of $1.50 during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.3%. The firm is expected to announce its next earnings report on Thursday, October 15th.

According to Zacks, analysts expect that Genuine Parts will report full-year earnings of $4.72 per share for the current financial year, with EPS estimates ranging from $3.89 to $5.17. For the next year, analysts expect that the company will post earnings of $5.30 per share, with EPS estimates ranging from $4.50 to $5.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Genuine Parts.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, July 30th. The specialty retailer reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.39. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Genuine Parts had a positive return on equity of 21.67% and a negative net margin of 1.06%.

A number of analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Genuine Parts from $80.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lowered their target price on Genuine Parts from $107.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Argus lifted their target price on Genuine Parts from $84.00 to $105.00 in a report on Friday, August 14th. Finally, Cfra dropped their target price on Genuine Parts from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Genuine Parts presently has an average rating of “Hold” and a consensus target price of $92.88.

A number of large investors have recently made changes to their positions in GPC. Tiemann Investment Advisors LLC increased its holdings in shares of Genuine Parts by 4.5% in the second quarter. Tiemann Investment Advisors LLC now owns 2,900 shares of the specialty retailer’s stock valued at $252,000 after buying an additional 125 shares in the last quarter. Ziegler Capital Management LLC raised its position in shares of Genuine Parts by 3.4% during the second quarter. Ziegler Capital Management LLC now owns 3,936 shares of the specialty retailer’s stock valued at $342,000 after buying an additional 130 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Genuine Parts by 4.2% in the second quarter. Parkside Financial Bank & Trust now owns 3,282 shares of the specialty retailer’s stock worth $286,000 after purchasing an additional 132 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Genuine Parts by 2.8% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 4,931 shares of the specialty retailer’s stock worth $332,000 after buying an additional 135 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its stake in shares of Genuine Parts by 15.6% during the second quarter. CSat Investment Advisory L.P. now owns 1,039 shares of the specialty retailer’s stock valued at $90,000 after purchasing an additional 140 shares during the last quarter. 77.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GPC stock traded up $0.46 on Friday, hitting $92.68. The stock had a trading volume of 11,381 shares, compared to its average volume of 687,477. The company’s 50 day moving average price is $89.68 and its 200-day moving average price is $83.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.22 and a quick ratio of 0.66. Genuine Parts has a 1 year low of $49.68 and a 1 year high of $108.58. The firm has a market capitalization of $13.42 billion, a P/E ratio of -68.31, a P/E/G ratio of 12.43 and a beta of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be issued a dividend of $0.79 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.16 annualized dividend and a yield of 3.41%. Genuine Parts’s payout ratio is 55.54%.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. 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; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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

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