Wall Street brokers expect Genuine Parts (NYSE:GPC – Get Rating) to report sales of $5.27 billion for the current quarter, reports Zacks Investment Research. Five analysts provided earnings estimates for Genuine Parts. The lowest sales estimate is $5.14 billion and the highest is $5.44 billion. Genuine parts recorded sales of $4.78 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 10.3%. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect OEM parts to bring in annual sales of $21.17 billion in the current fiscal year, with estimates ranging from $21.06 billion to $21.26 billion. of dollars. For next year, analysts expect the company to post sales of $21.85 billion, with estimates ranging from $21.41 billion to $22.07 billion. Zacks sales calculations are an average average based on a survey of research analysts who track OEM parts.
Genuine Parts (NYSE:GPC – Get Rating) last released quarterly earnings data on Thursday, April 21. The specialty retailer reported EPS of $1.86 for the quarter, beating the consensus estimate of $1.70 by $0.16. The company posted revenue of $5.29 billion in the quarter, versus analyst estimates of $5.08 billion. Genuine parts had a net margin of 4.71% and a return on equity of 30.84%. Genuine Parts quarterly sales increased 17.6% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.50.
GPC has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating on Genuine Parts shares in a Friday, Feb. 18 research note. StockNews.com launched coverage on genuine coin stocks in a research note on Thursday, March 31. They established a “Strong Buy” rating for the company. Finally, Bank of America downgraded Genuine Parts shares from an “underperforming” to a “neutral” rating and set a price target of $133.00 for the company in a Tuesday research note. May 10. They noted that the move was a review call. Five research analysts gave the stock a hold rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, Genuine Coins currently has a consensus rating of “Hold” and a consensus price target of $139.25.
Several institutional investors and hedge funds have recently changed their holdings in the company. Patriot Financial Group Insurance Agency LLC increased its stake in Genuine Parts by 4.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,665 shares of the specialty retailer worth $233,000 after acquiring 76 additional shares during the period. First National Trust Co increased its stake in Genuine Parts by 0.4% in the first quarter. First National Trust Co now owns 21,502 shares of the specialty retailer worth $2,710,000 after acquiring 76 additional shares during the period. CVA Family Office LLC increased its stake in Genuine Parts by 10.8% in the fourth quarter. CVA Family Office LLC now owns 792 shares of the specialty retailer worth $111,000 after acquiring 77 additional shares during the period. Marcum Wealth LLC increased its stake in Genuine Parts by 2.8% in the first quarter. Marcum Wealth LLC now owns 2,865 shares of the specialty retailer worth $361,000 after acquiring 77 additional shares during the period. Finally, Naples Global Advisors LLC increased its stake in Genuine Parts by 0.8% in the fourth quarter. Naples Global Advisors LLC now owns 9,787 shares of the specialty retailer worth $1,372,000 after acquiring 78 additional shares during the period. 76.92% of the shares are held by hedge funds and other institutional investors.
NYSE GPC opened at $139.18 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.16 and a leverage ratio of 0.94. The company has a fifty-day moving average of $131.45 and a two-hundred-day moving average of $131.54. The company has a market capitalization of $19.71 billion, a price/earnings ratio of 21.54, a PEG ratio of 3.18 and a beta of 1.00. Genuine parts have a 52 week low of $115.63 and a 52 week high of $142.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Friday, June 3 will receive a dividend of $0.895 per share. This represents a dividend of $3.58 on an annualized basis and a dividend yield of 2.57%. The ex-date of this dividend is Thursday, June 2. Genuine Parts’ dividend payout ratio is currently 55.42%.
Genuine Parts Company Profile (Get a 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, agricultural vehicles, small engines, agricultural equipment, marine equipment and heavy equipment; and accessories and supplies used by a variety of automotive aftermarket customers, such as repair shops, service stations, fleet operators, car and truck dealerships, leasing companies, bus and truck lines, supermarkets, farms, industrial companies and individuals.
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