Genuine Parts (NYSE:GPC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Genuine Parts (NYSE:GPC) announced its earnings results on Thursday. The specialty retailer reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03, reports. Genuine Parts had a return on equity of 23.20% and a net margin of 4.14%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Genuine Parts updated its FY19 guidance to $5.60-5.68 EPS and its FY 2019 guidance to $5.44-5.52 EPS.

Shares of GPC stock opened at $101.35 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average of $95.97 and a two-hundred day moving average of $99.49. Genuine Parts has a 52 week low of $87.26 and a 52 week high of $115.20. The company has a market cap of $14.45 billion, a P/E ratio of 17.36, a PEG ratio of 3.25 and a beta of 0.95.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a $0.7625 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.05 dividend on an annualized basis and a yield of 3.01%. Genuine Parts’s payout ratio is currently 53.70%.

GPC has been the subject of several research analyst reports. Raymond James initiated coverage on Genuine Parts in a report on Monday, October 7th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lowered their price objective on Genuine Parts from $114.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Royal Bank of Canada set a $101.00 price objective on Genuine Parts and gave the company a “hold” rating in a report on Friday, July 19th. Goldman Sachs Group initiated coverage on Genuine Parts in a report on Thursday, July 11th. They issued a “neutral” rating and a $107.00 price objective for the company. Finally, Jefferies Financial Group set a $102.00 price objective on Genuine Parts and gave the company a “hold” rating in a report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.75.

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 for Genuine Parts (NYSE:GPC)

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