Genuine Parts (GPC) to Release Quarterly Earnings on Tuesday

Genuine Parts (NYSE:GPC) is anticipated to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Genuine Parts to post earnings of $1.66 per share and revenue of $5.83 billion for the quarter. Genuine Parts has set its FY 2025 guidance at 7.750-8.250 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.07. The business had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period in the previous year, the firm earned $2.26 EPS. On average, analysts expect Genuine Parts to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Genuine Parts Stock Performance

Shares of GPC opened at $116.19 on Tuesday. The firm has a market cap of $16.13 billion, a P/E ratio of 17.96 and a beta of 0.82. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $164.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The firm’s 50 day moving average price is $120.23 and its two-hundred day moving average price is $121.91.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a $1.03 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.55%. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GPC shares. Loop Capital initiated coverage on Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 price objective for the company. Evercore ISI raised shares of Genuine Parts from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $128.00 to $135.00 in a research note on Friday, April 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $114.00 price objective (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Northcoast Research downgraded shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Truist Financial increased their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $135.88.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: 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 equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.