• Wed. Sep 28th, 2022

EPS of $2.02 expected for OEM parts (NYSE: GPC) this quarter

ByRandall B. Phelps

May 7, 2022

Wall Street analysts expect Genuine Parts (NYSE:GPC – Get Rating) to report earnings of $2.02 per share for the current quarter, reports Zacks Investment Research. Five analysts have made earnings estimates for Genuine Parts, with the highest EPS estimate being $2.19 and the lowest estimate $1.90. Genuine Parts posted earnings per share of $1.74 in the same quarter last year, indicating a positive year-over-year growth rate of 16.1%. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Genuine Parts to report annual earnings of $7.81 per share for the current year, with EPS estimates ranging from $7.59 to $7.99. For the next fiscal year, analysts expect the company to post earnings of $8.30 per share, with EPS estimates ranging from $8.11 to $8.43. Zacks earnings per share averages are an average based on a survey of research companies that track the original pieces.

Genuine Parts (NYSE:GPC – Get Rating) last announced its results on Thursday, April 21. The specialty retailer reported earnings per share of $1.86 for the quarter, beating the consensus estimate of $1.68 by $0.18. Genuine parts had a net margin of 4.71% and a return on equity of 30.84%. The company posted revenue of $5.29 billion in the quarter, versus a consensus estimate of $5.08 billion. In the same period a year earlier, the company earned earnings per share of $1.50. The company’s quarterly revenue increased by 17.6% compared to the same quarter last year.

Several analysts have recently released reports on GPC shares. Truist Financial began covering genuine coins in a report on Thursday, January 13. They issued a “holding” rating and a price target of $142.00 on the stock. Wedbush reiterated a “neutral” rating on Genuine Parts shares in a Friday, Feb. 18 research note. Finally, StockNews.com took over coverage of Genuine Parts stocks in a Thursday, March 31 research report. They issued a “Strong Buy” rating on the stock. Four research analysts gave the stock a hold rating and one gave the company a strong buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.33.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Salem Investment Counselors Inc. raised its position in original coins by 144.7% in Q4. Salem Investment Counselors Inc. now owns 186 shares of the specialty retailer worth $26,000 after acquiring 110 additional shares in the last quarter. Country Trust Bank increased its stake in Genuine Parts by 376.2% in the fourth quarter. Country Trust Bank now owns 200 shares of the specialty retailer worth $28,000 after buying 158 more shares in the last quarter. JNBA Financial Advisors increased its stake in Genuine Parts shares by 103.8% during the fourth quarter. JNBA Financial Advisors now owns 214 shares of the specialty retailer worth $30,000 after buying an additional 109 shares during the period. FSB Premier Wealth Management Inc. purchased a new stake in shares of Genuine Parts in the fourth quarter worth approximately $31,000. Finally, Missouri Trust & Investment Co acquired a new equity stake in Genuine Parts in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds hold 76.92% of the company’s shares.

NYSE GPC shares opened at $130.79 on Friday. The stock’s 50-day moving average price is $128.70 and its two-hundred-day moving average price is $131.63. Genuine parts have a 52 week low of $115.63 and a 52 week high of $142.97. The stock has a market capitalization of $18.52 billion, a P/E ratio of 20.25, a PEG ratio of 1.53 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 1.16 and a leverage ratio of 0.94.

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 yield of 2.74%. The ex-date of this dividend is Thursday, June 2. The Genuine Parts payout ratio is 55.42%.

About genuine parts (Get an assessment)

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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Original Parts Earnings History and Estimates (NYSE: GPC)

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