Genuine Parts (NYSE:GPC) Updates FY20 Earnings Guidance

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Genuine Parts (NYSE:GPC) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.80-5.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.90. The company issued revenue guidance of +3-4% to $19.97-20.17 billion, compared to the consensus revenue estimate of $19.75 billion.Genuine Parts also updated its FY 2020
Pre-Market guidance to 5.80-5.90 EPS.

NYSE GPC opened at $96.21 on Friday. The stock’s 50-day moving average price is $98.46 and its 200-day moving average price is $99.08. The company has a quick ratio of 0.68, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Genuine Parts has a 52 week low of $87.26 and a 52 week high of $115.20. The company has a market capitalization of $14.47 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.69 and a beta of 0.89.

Genuine Parts (NYSE:GPC) last issued its earnings results on Wednesday, February 19th. The specialty retailer reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.70 billion. Genuine Parts had a return on equity of 22.79% and a net margin of 3.20%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. Research analysts anticipate that Genuine Parts will post 5.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Genuine Parts’s previous quarterly dividend of $0.76. Genuine Parts’s dividend payout ratio (DPR) is 53.60%.

Several brokerages recently issued reports on GPC. Stephens lifted their target price on Genuine Parts from $112.00 to $115.00 and gave the company an overweight rating in a research note on Friday. Goldman Sachs Group downgraded Genuine Parts from a neutral rating to a sell rating and decreased their target price for the company from $101.00 to $93.00 in a research note on Friday, October 25th. Finally, TheStreet downgraded Genuine Parts from a b rating to a c+ rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Genuine Parts has a consensus rating of Hold and a consensus price target of $103.88.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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

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