Genuine Parts (GPC) to Release Earnings on Tuesday

Genuine Parts (NYSE:GPC) is projected to issue its quarterly 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.Investors that wish to listen to the company’s conference call can do so using this link.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data 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. The firm had revenue of $5.77 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $2.26 earnings per share. 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 Trading Up 1.6 %

Shares of GPC stock opened at $114.02 on Friday. The business has a 50-day moving average of $119.81 and a 200 day moving average of $121.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. Genuine Parts has a 1-year low of $104.01 and a 1-year high of $163.86. The stock has a market capitalization of $15.82 billion, a PE ratio of 17.62 and a beta of 0.82.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a $1.03 dividend. This is a boost 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 3.61%. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GPC. Truist Financial increased their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Loop Capital initiated coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price on the stock. Evercore ISI upgraded Genuine Parts from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $128.00 to $135.00 in a report on Friday, April 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $114.00 price objective (down previously from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Finally, StockNews.com raised Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Moderate Buy” and an average price target of $131.00.

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.