Wall Street brokerages predict that Genuine Parts (NYSE:GPC) will report $4.50 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Genuine Parts’ earnings. The highest sales estimate is $4.55 billion and the lowest is $4.45 billion. Genuine Parts posted sales of $3.91 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The firm is scheduled to issue its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Genuine Parts will report full-year sales of $4.50 billion for the current year, with estimates ranging from $18.26 billion to $18.40 billion. For the next year, analysts expect that the company will post sales of $18.83 billion per share, with estimates ranging from $18.69 billion to $18.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Genuine Parts.
Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 20th. The specialty retailer reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.05 billion. Genuine Parts had a return on equity of 20.48% and a net margin of 3.78%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS.
Genuine Parts (GPC) opened at $92.37 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 1.34. The firm has a market capitalization of $13,590.56, a P/E ratio of 19.92, a P/E/G ratio of 2.44 and a beta of 1.22. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Genuine Parts’s previous quarterly dividend of $0.68. This represents a $2.88 annualized dividend and a yield of 3.12%. Genuine Parts’s payout ratio is 68.90%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Green Square Capital LLC lifted its position in shares of Genuine Parts by 180.7% during the 4th quarter. Green Square Capital LLC now owns 6,523 shares of the specialty retailer’s stock valued at $620,000 after acquiring an additional 4,199 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Genuine Parts by 6.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 23,728 shares of the specialty retailer’s stock valued at $2,254,000 after acquiring an additional 1,450 shares during the period. Wagner Wealth Management LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $117,000. KCM Investment Advisors LLC lifted its position in shares of Genuine Parts by 1.1% during the 4th quarter. KCM Investment Advisors LLC now owns 79,811 shares of the specialty retailer’s stock valued at $7,583,000 after acquiring an additional 849 shares during the period. Finally, Colonial Trust Advisors lifted its position in shares of Genuine Parts by 64.0% during the 4th quarter. Colonial Trust Advisors now owns 4,510 shares of the specialty retailer’s stock valued at $428,000 after acquiring an additional 1,760 shares during the period. Institutional investors and hedge funds own 75.31% of the company’s stock.
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.
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