FY2017 EPS Estimates for Genuine Parts (GPC) Increased by Analyst

Genuine Parts (NYSE:GPC) – Analysts at Wedbush upped their FY2017 earnings estimates for shares of Genuine Parts in a report issued on Tuesday. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings per share of $4.66 for the year, up from their previous forecast of $4.56. Wedbush also issued estimates for Genuine Parts’ Q4 2017 earnings at $1.14 EPS, FY2018 earnings at $5.32 EPS and FY2019 earnings at $5.44 EPS.

GPC has been the subject of several other reports. Moffett Nathanson began coverage on shares of Genuine Parts in a report on Monday, December 4th. They issued a “sell” rating for the company. Zacks Investment Research cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Gabelli restated a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Jefferies Group restated a “hold” rating and set a $95.00 target price on shares of Genuine Parts in a report on Sunday, September 10th. Finally, Royal Bank of Canada raised their target price on shares of Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $95.00.

Genuine Parts (GPC) opened at $97.30 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14,159.93, a P/E ratio of 21.77, a PEG ratio of 3.16 and a beta of 1.12. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $100.90.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $4.10 billion. Genuine Parts had a net margin of 4.16% and a return on equity of 20.49%. The company’s revenue was down 72.2% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share.

Large investors have recently modified their holdings of the stock. Rowland & Co. Investment Counsel ADV boosted its holdings in Genuine Parts by 6.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 68,624 shares of the specialty retailer’s stock worth $6,373,000 after buying an additional 4,066 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Genuine Parts by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 92,240 shares of the specialty retailer’s stock valued at $8,556,000 after acquiring an additional 12,292 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of Genuine Parts by 11.5% in the 3rd quarter. Trust Co. of Vermont now owns 6,490 shares of the specialty retailer’s stock valued at $620,000 after acquiring an additional 671 shares in the last quarter. Schafer Cullen Capital Management Inc. lifted its position in shares of Genuine Parts by 7.2% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,020,794 shares of the specialty retailer’s stock valued at $94,689,000 after acquiring an additional 68,631 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Genuine Parts by 60.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 113,800 shares of the specialty retailer’s stock valued at $10,556,000 after acquiring an additional 42,700 shares in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, December 7th. Genuine Parts’s payout ratio is 60.40%.

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Genuine Parts Company Profile

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.

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

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