Wedbush Has Pessimistic View of Genuine Parts Q1 Earnings

Genuine Parts (NYSE:GPC) – Equities research analysts at Wedbush reduced their Q1 2025 earnings estimates for shares of Genuine Parts in a report released on Wednesday, February 19th. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings of $1.73 per share for the quarter, down from their previous forecast of $2.15. The consensus estimate for Genuine Parts’ current full-year earnings is $7.91 per share. Wedbush also issued estimates for Genuine Parts’ Q2 2025 earnings at $2.14 EPS and FY2027 earnings at $9.49 EPS.

A number of other research analysts have also issued reports on GPC. Truist Financial increased their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI decreased their target price on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research report on Wednesday. Loop Capital started coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a “buy” rating and a $155.00 target price on the stock. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Hold” and an average price target of $137.63.

Genuine Parts Stock Down 1.3 %

Shares of GPC opened at $121.68 on Friday. Genuine Parts has a 52 week low of $112.74 and a 52 week high of $164.45. The firm has a market cap of $16.92 billion, a P/E ratio of 18.81 and a beta of 0.94. The firm’s 50-day simple moving average is $118.29 and its 200 day simple moving average is $127.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm earned $2.26 EPS.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.03 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is presently 61.82%.

Insider Activity at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.37% of the stock is owned by insiders.

Institutional Trading of Genuine Parts

A number of institutional investors have recently modified their holdings of GPC. Millstone Evans Group LLC purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $28,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $29,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

About Genuine Parts

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.