Wall Street analysts forecast that Genuine Parts (NYSE:GPC) will announce sales of $5.01 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Genuine Parts’ earnings, with estimates ranging from $5.00 billion to $5.02 billion. Genuine Parts posted sales of $4.82 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 18th.
On average, analysts expect that Genuine Parts will report full-year sales of $19.40 billion for the current fiscal year, with estimates ranging from $19.38 billion to $19.42 billion. For the next financial year, analysts expect that the firm will post sales of $20.06 billion, with estimates ranging from $20.02 billion to $20.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Genuine Parts.
Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.03). Genuine Parts had a net margin of 4.20% and a return on equity of 23.46%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.79 billion. During the same quarter last year, the business posted $1.27 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.
GPC has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on Genuine Parts in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $110.00 price target for the company. Zacks Investment Research cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, ValuEngine cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Genuine Parts has an average rating of “Hold” and an average price target of $103.60.
Genuine Parts stock opened at $98.09 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.64. Genuine Parts has a one year low of $89.87 and a one year high of $115.20. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 3.20 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a $0.7625 dividend. This represents a $3.05 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, June 6th. Genuine Parts’s payout ratio is 53.70%.
In other news, insider Scott Sonnemaker acquired 5,000 shares of Genuine Parts stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $99.01 per share, for a total transaction of $495,050.00. Following the completion of the purchase, the insider now directly owns 5,000 shares in the company, valued at approximately $495,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.
Several large investors have recently made changes to their positions in GPC. Clarfeld Financial Advisors LLC purchased a new position in shares of Genuine Parts in the fourth quarter worth about $26,000. Essex Savings Bank purchased a new position in shares of Genuine Parts in the fourth quarter worth about $27,000. Sontag Advisory LLC purchased a new position in shares of Genuine Parts in the fourth quarter worth about $29,000. Cutler Group LP raised its position in Genuine Parts by 967.7% during the first quarter. Cutler Group LP now owns 269 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Finally, Lindbrook Capital LLC purchased a new position in Genuine Parts during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.
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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