Genuine Parts (NYSE:GPC) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $5.65-5.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.91. The company issued revenue guidance of $19.578151285-19.765502015 billion, compared to the consensus revenue estimate of $19.55 billion.Genuine Parts also updated its FY19 guidance to $5.65-5.75 EPS.

GPC has been the subject of a number of research analyst reports. Stephens initiated coverage on Genuine Parts in a report on Thursday, May 30th. They issued an overweight rating and a $114.00 price target for the company. ValuEngine upgraded Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. JPMorgan Chase & Co. reiterated a sell rating and set a $18.00 price target on shares of ABB in a research report on Monday, July 15th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a report on Monday, May 27th. Finally, Goldman Sachs Group upgraded Altria Group from a neutral rating to a buy rating and set a $59.00 price objective for the company in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $106.29.

Shares of GPC stock traded down $2.43 during mid-day trading on Friday, reaching $95.18. The stock had a trading volume of 1,403,923 shares, compared to its average volume of 746,586. The company has a 50 day moving average of $102.95. The company has a current ratio of 1.26, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. Genuine Parts has a one year low of $91.04 and a one year high of $115.20. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 3.34 and a beta of 0.94.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, July 18th. The specialty retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.08). The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $5 billion. Genuine Parts had a return on equity of 23.16% and a net margin of 4.17%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, sell-side analysts expect that Genuine Parts will post 5.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a $0.7625 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $3.05 annualized dividend and a dividend yield of 3.20%. Genuine Parts’s dividend payout ratio is currently 53.70%.

In other news, insider Scott Sonnemaker purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $99.01 per share, with a total value of $495,050.00. Following the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $495,050. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.50% of the company’s stock.

About Genuine Parts

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.

Further Reading: Average Daily Trade Volume – ADTV

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

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