Genuine Parts Company (NYSE:GPC) Updates FY17 Earnings Guidance
Genuine Parts Company (NYSE:GPC) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.70-4.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.79. The company issued revenue guidance of $15.8-15.96 billion, compared to the consensus revenue estimate of $15.90 billion.
Shares of Genuine Parts Company (NYSE GPC) opened at 82.71 on Friday. The firm has a market capitalization of $12.19 billion, a P/E ratio of 17.90 and a beta of 1.07. Genuine Parts Company has a 52-week low of $80.86 and a 52-week high of $105.18. The stock’s 50 day moving average is $89.76 and its 200-day moving average is $93.19.
Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, July 20th. The specialty retailer reported $1.29 EPS for the quarter, missing the consensus estimate of $1.31 by $0.02. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a return on equity of 21.11% and a net margin of 4.37%. Genuine Parts’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. On average, equities analysts forecast that Genuine Parts Company will post $4.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 9th were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, June 7th. Genuine Parts’s dividend payout ratio is currently 58.32%.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Genuine Parts from a sell rating to a hold rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $104.00 price target (up from $98.00) on shares of Genuine Parts in a research note on Saturday, April 22nd. Zacks Investment Research lowered shares of Genuine Parts from a hold rating to a sell rating in a research note on Friday, April 21st. Royal Bank Of Canada upped their price target on shares of Genuine Parts from $94.00 to $96.00 and gave the stock a sector perform rating in a research note on Thursday, April 20th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $95.00 price target on shares of Genuine Parts in a research note on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Genuine Parts has a consensus rating of Hold and an average price target of $97.86.
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Genuine Parts Company Profile
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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