Brokerages Anticipate Genuine Parts (GPC) Will Announce Earnings of $1.32 Per Share

Wall Street brokerages forecast that Genuine Parts (NYSE:GPC) will announce earnings per share (EPS) of $1.32 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Genuine Parts’ earnings. The lowest EPS estimate is $1.29 and the highest is $1.35. Genuine Parts posted earnings of $1.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The business is expected to report its next earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Genuine Parts will report full-year earnings of $5.65 per share for the current financial year, with EPS estimates ranging from $5.62 to $5.68. For the next financial year, analysts anticipate that the firm will report earnings of $6.00 per share, with EPS estimates ranging from $5.85 to $6.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Genuine Parts.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.48. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Genuine Parts had a net margin of 3.99% and a return on equity of 22.54%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share.

GPC has been the subject of a number of research reports. Wedbush raised their target price on shares of Genuine Parts from $93.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 20th. Zacks Investment Research cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Bank of America cut shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Tuesday, October 30th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.60.

A number of institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in Genuine Parts by 5.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,236 shares of the specialty retailer’s stock worth $848,000 after purchasing an additional 512 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in Genuine Parts by 18.2% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 3,375 shares of the specialty retailer’s stock worth $310,000 after purchasing an additional 520 shares during the period. Baird Financial Group Inc. boosted its stake in Genuine Parts by 2.5% in the 3rd quarter. Baird Financial Group Inc. now owns 21,618 shares of the specialty retailer’s stock worth $2,147,000 after purchasing an additional 520 shares during the period. Ascension Asset Management LLC lifted its position in Genuine Parts by 4.4% in the 2nd quarter. Ascension Asset Management LLC now owns 12,525 shares of the specialty retailer’s stock worth $1,150,000 after buying an additional 525 shares in the last quarter. Finally, Bank of Hawaii lifted its position in Genuine Parts by 24.4% in the 2nd quarter. Bank of Hawaii now owns 2,861 shares of the specialty retailer’s stock worth $262,000 after buying an additional 561 shares in the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.

NYSE:GPC traded up $0.46 during trading hours on Wednesday, reaching $101.87. 1,004,785 shares of the company’s stock were exchanged, compared to its average volume of 890,241. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.67 and a beta of 1.11. Genuine Parts has a 12 month low of $84.71 and a 12 month high of $107.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. 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 through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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

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