Zacks: Brokerages Expect Genuine Parts (NYSE:GPC) Will Post Earnings of $2.02 Per Share

Analysts expect Genuine Parts (NYSE:GPC – Get Rating) to announce earnings of $2.02 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Genuine Parts’ earnings. The lowest EPS estimate is $1.90 and the highest is $2.19. Genuine Parts reported earnings per share of $1.74 during the same quarter last year, which would suggest a positive year over year growth rate of 16.1%. The business is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Genuine Parts will report full-year earnings of $7.85 per share for the current fiscal year, with EPS estimates ranging from $7.76 to $7.99. For the next financial year, analysts anticipate that the company will report earnings of $8.33 per share, with EPS estimates ranging from $8.11 to $8.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Genuine Parts.

Genuine Parts (NYSE:GPC – Get Rating) last announced its earnings results on Thursday, April 21st. The specialty retailer reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.16. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Genuine Parts had a net margin of 4.71% and a return on equity of 30.84%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS.

GPC has been the topic of several recent research reports. Wedbush reissued a “neutral” rating on shares of Genuine Parts in a research report on Friday, February 18th. Bank of America upgraded shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 price objective on the stock in a report on Tuesday, May 10th. They noted that the move was a valuation call. Finally, StockNews.com initiated coverage on shares of Genuine Parts in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Genuine Parts presently has an average rating of “Hold” and an average target price of $139.25.

Shares of GPC stock opened at $139.18 on Friday. The company’s 50-day moving average price is $131.45 and its 200-day moving average price is $131.59. The company has a current ratio of 1.16, a quick ratio of 0.58 and a debt-to-equity ratio of 0.94. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 3.02 and a beta of 1.00. Genuine Parts has a twelve month low of $115.63 and a twelve month high of $142.97.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 3rd will be paid a dividend of $0.895 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.57%. Genuine Parts’s payout ratio is 55.42%.

Hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its holdings in Genuine Parts by 144.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 186 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 110 shares in the last quarter. Country Trust Bank boosted its holdings in Genuine Parts by 376.2% in the fourth quarter. Country Trust Bank now owns 200 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 158 shares in the last quarter. JNBA Financial Advisors boosted its holdings in Genuine Parts by 103.8% in the fourth quarter. JNBA Financial Advisors now owns 214 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Missouri Trust & Investment Co acquired a new position in Genuine Parts in the fourth quarter valued at approximately $32,000. Finally, FSB Premier Wealth Management Inc. acquired a new position in Genuine Parts in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Genuine Parts Company Profile (Get Rating)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, 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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