Brokerages expect that Genuine Parts Company (NYSE:GPC) will report earnings per share (EPS) of $1.28 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Genuine Parts’ earnings, with estimates ranging from $1.26 to $1.29. Genuine Parts posted earnings per share of $1.24 during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The company is expected to report its next quarterly earnings results on Wednesday, October 18th.

On average, analysts expect that Genuine Parts will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.72 to $4.75. For the next fiscal year, analysts forecast that the firm will report earnings of $5.13 per share, with EPS estimates ranging from $5.10 to $5.18. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Genuine Parts.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.02. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year.

A number of analysts have recently issued reports on GPC shares. Gabelli raised Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Friday, July 21st. BidaskClub cut Genuine Parts from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Wedbush reissued a “neutral” rating on shares of Genuine Parts in a report on Thursday, July 6th. Royal Bank Of Canada lifted their price target on Genuine Parts from $94.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $104.00 price target (up from $98.00) on shares of Genuine Parts in a report on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.86.

Shares of Genuine Parts (NYSE:GPC) opened at 84.15 on Tuesday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 18.22 and a beta of 1.04. Genuine Parts has a 12-month low of $80.86 and a 12-month high of $105.18. The company has a 50-day moving average price of $87.69 and a 200 day moving average price of $92.39.

A number of institutional investors have recently bought and sold shares of GPC. BlackRock Inc. raised its position in Genuine Parts by 2,130.1% in the first quarter. BlackRock Inc. now owns 14,442,228 shares of the specialty retailer’s stock worth $1,334,608,000 after buying an additional 13,794,624 shares during the period. Vanguard Group Inc. raised its position in Genuine Parts by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,429,332 shares of the specialty retailer’s stock worth $1,425,824,000 after buying an additional 690,398 shares during the period. Prudential Financial Inc. raised its position in Genuine Parts by 175.1% in the second quarter. Prudential Financial Inc. now owns 701,644 shares of the specialty retailer’s stock worth $65,085,000 after buying an additional 446,560 shares during the period. Point72 Asset Management L.P. raised its position in Genuine Parts by 520.0% in the first quarter. Point72 Asset Management L.P. now owns 478,000 shares of the specialty retailer’s stock worth $44,172,000 after buying an additional 400,900 shares during the period. Finally, WINTON GROUP Ltd raised its position in Genuine Parts by 116.7% in the first quarter. WINTON GROUP Ltd now owns 415,900 shares of the specialty retailer’s stock worth $41,777,000 after buying an additional 224,017 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “$1.28 Earnings Per Share Expected for Genuine Parts Company (GPC) This Quarter” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/08/1-28-earnings-per-share-expected-for-genuine-parts-company-gpc-this-quarter.html.

About Genuine Parts

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

Get a free copy of the Zacks research report on Genuine Parts (GPC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genuine Parts (NYSE:GPC)

Receive News & Ratings for Genuine Parts Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts Company and related companies with MarketBeat.com's FREE daily email newsletter.