Genuine Parts (NYSE:GPC) – Wedbush issued their Q1 2019 earnings estimates for shares of Genuine Parts in a research report issued to clients and investors on Thursday, April 12th. Wedbush analyst S. Basham expects that the specialty retailer will post earnings of $1.38 per share for the quarter. Wedbush also issued estimates for Genuine Parts’ Q2 2019 earnings at $1.63 EPS, Q3 2019 earnings at $1.50 EPS and Q4 2019 earnings at $1.35 EPS.

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Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, February 20th. The specialty retailer reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Genuine Parts had a return on equity of 20.48% and a net margin of 3.78%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $1.02 EPS. Genuine Parts’s revenue for the quarter was up 11.3% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Genuine Parts from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Bank of America upgraded Genuine Parts from an “underperform” rating to a “neutral” rating and set a $96.00 price objective on the stock in a report on Friday. JPMorgan Chase restated a “neutral” rating and issued a $107.00 target price (down previously from $114.00) on shares of Genuine Parts in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada cut their target price on Genuine Parts to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $100.00.

NYSE:GPC opened at $90.66 on Monday. Genuine Parts has a fifty-two week low of $79.86 and a fifty-two week high of $107.75. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.74. The stock has a market cap of $13,135.68, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Genuine Parts by 0.4% during the 4th quarter. BlackRock Inc. now owns 15,945,256 shares of the specialty retailer’s stock worth $1,514,961,000 after purchasing an additional 58,937 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Genuine Parts by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,659,074 shares of the specialty retailer’s stock worth $347,649,000 after purchasing an additional 632,041 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Genuine Parts by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,706,848 shares of the specialty retailer’s stock worth $161,856,000 after purchasing an additional 55,746 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Genuine Parts by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,515,654 shares of the specialty retailer’s stock worth $144,001,000 after purchasing an additional 9,199 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Genuine Parts by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 885,900 shares of the specialty retailer’s stock worth $84,734,000 after purchasing an additional 15,023 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were paid a $0.72 dividend. This is a boost from Genuine Parts’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 3.18%. Genuine Parts’s payout ratio is presently 62.07%.

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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.

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

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