Equities analysts forecast that Genuine Parts Company (NYSE:GPC) will post $1.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Genuine Parts’ earnings. The lowest EPS estimate is $1.26 and the highest is $1.29. Genuine Parts reported earnings of $1.24 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is expected to issue its next quarterly earnings results on Wednesday, October 18th.

On average, analysts expect that Genuine Parts will report full-year earnings of $4.74 per share for the current year, with EPS estimates ranging from $4.72 to $4.75. For the next fiscal year, analysts expect that the business will report earnings of $5.13 per share, with EPS estimates ranging from $5.10 to $5.18. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Genuine Parts.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by $0.02. Genuine Parts had a return on equity of 21.05% and a net margin of 4.37%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $1.28 earnings per share. Genuine Parts’s revenue for the quarter was up 5.1% on a year-over-year basis.

Several research firms have issued reports on GPC. Zacks Investment Research cut shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. BidaskClub lowered shares of Genuine Parts from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) lowered shares of Genuine Parts from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $104.00 to $89.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of Genuine Parts in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 price objective on shares of Genuine Parts in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Genuine Parts currently has a consensus rating of “Hold” and an average price target of $96.86.

Genuine Parts (NYSE GPC) opened at 84.15 on Tuesday. The firm’s 50-day moving average is $87.69 and its 200-day moving average is $92.39. The stock has a market capitalization of $12.36 billion, a P/E ratio of 18.22 and a beta of 1.04. Genuine Parts has a 52 week low of $80.86 and a 52 week high of $105.18.

Several hedge funds and other institutional investors have recently made changes to their positions in GPC. Haverford Financial Services Inc. raised its position in shares of Genuine Parts by 0.6% in the first quarter. Haverford Financial Services Inc. now owns 3,281 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 20 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Genuine Parts by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,359 shares of the specialty retailer’s stock valued at $680,000 after buying an additional 23 shares during the last quarter. Pennsylvania Trust Co raised its position in Genuine Parts by 0.7% in the second quarter. Pennsylvania Trust Co now owns 3,183 shares of the specialty retailer’s stock valued at $295,000 after buying an additional 23 shares during the last quarter. RNC Capital Management LLC raised its position in Genuine Parts by 0.5% in the first quarter. RNC Capital Management LLC now owns 7,437 shares of the specialty retailer’s stock valued at $687,000 after buying an additional 34 shares during the last quarter. Finally, CAPROCK Group Inc. raised its position in Genuine Parts by 1.4% in the second quarter. CAPROCK Group Inc. now owns 2,618 shares of the specialty retailer’s stock valued at $245,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 73.28% of the company’s stock.

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About Genuine Parts

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

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