Genuine Parts (GPC) to Release Quarterly Earnings on Tuesday

Genuine Parts (NYSE:GPC) is scheduled to be announcing its earnings results before the market opens on Tuesday, July 23rd. Analysts expect the company to announce earnings of $2.61 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.07. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same quarter last year, the firm earned $2.14 EPS. Genuine Parts’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect Genuine Parts to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $138.26 on Monday. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The business has a 50 day moving average price of $141.97 and a two-hundred day moving average price of $146.37. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.69. The firm has a market cap of $19.26 billion, a PE ratio of 15.41 and a beta of 0.92.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, June 7th. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.59%.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total value of $453,870.00. Following the sale, the director now owns 13,006 shares of the company’s stock, valued at approximately $1,967,677.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

GPC has been the subject of a number of recent analyst reports. Evercore ISI lowered their price objective on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating for the company in a research note on Tuesday, July 16th. Wedbush restated a “neutral” rating and set a $170.00 price objective (up previously from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. Truist Financial increased their target price on Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 19th. UBS Group reduced their target price on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group increased their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $167.00.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.