Zacks: Analysts Expect Genuine Parts (GPC) Will Post Quarterly Sales of $4.10 Billion

Equities analysts predict that Genuine Parts (NYSE:GPC) will post sales of $4.10 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Genuine Parts’ earnings. The highest sales estimate is $4.24 billion and the lowest is $3.87 billion. Genuine Parts posted sales of $3.78 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The firm is expected to issue its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Genuine Parts will report full-year sales of $4.10 billion for the current financial year, with estimates ranging from $15.97 billion to $16.34 billion. For the next year, analysts forecast that the firm will report sales of $18.34 billion per share, with estimates ranging from $18.12 billion to $18.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Genuine Parts.

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

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

Several large investors have recently made changes to their positions in the company. Godsey & Gibb Associates lifted its position in shares of Genuine Parts by 1.0% during the 2nd quarter. Godsey & Gibb Associates now owns 4,161 shares of the specialty retailer’s stock valued at $386,000 after buying an additional 40 shares in the last quarter. Nordea Investment Management AB raised its stake in Genuine Parts by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,849 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 55 shares during the last quarter. Marietta Wealth Management LLC raised its stake in Genuine Parts by 1.3% in the 2nd quarter. Marietta Wealth Management LLC now owns 5,235 shares of the specialty retailer’s stock valued at $486,000 after purchasing an additional 67 shares during the last quarter. Bangor Savings Bank raised its stake in Genuine Parts by 2.0% in the 2nd quarter. Bangor Savings Bank now owns 4,009 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 79 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Genuine Parts by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,980 shares of the specialty retailer’s stock valued at $925,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.

Shares of Genuine Parts (GPC) opened at $97.30 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62. Genuine Parts has a 52-week low of $79.86 and a 52-week high of $100.90. The company has a market capitalization of $14,159.93, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 3.16 and a beta of 1.12.

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

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

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