Genuine Parts (GPC) Announces Quarterly Results
Genuine Parts (NYSE:GPC) issued its quarterly earnings data on Tuesday. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.04, StockRatingsNetwork.com reports. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.43 billion.
Genuine Parts (NYSE:GPC) opened at 85.95 on Tuesday. Genuine Parts has a 52 week low of $68.29 and a 52 week high of $85.99. The stock has a 50-day moving average of $82.5 and a 200-day moving average of $81.04. The company has a market cap of $13.267 billion and a P/E ratio of 19.27.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.68%.
GPC has been the subject of a number of recent research reports. Analysts at Ned Davis Research downgraded shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd. Analysts at Zacks downgraded shares of Genuine Parts from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 26th. They now have a $74.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.67.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.
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