Genuine Parts (NYSE:GPC) Expected to Announce Quarterly Sales of $5.27 Billion

Brokerages expect that Genuine Parts (NYSE:GPCGet Rating) will announce $5.27 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Genuine Parts’ earnings. The lowest sales estimate is $5.14 billion and the highest is $5.44 billion. Genuine Parts posted sales of $4.78 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Genuine Parts will report full year sales of $21.17 billion for the current fiscal year, with estimates ranging from $21.06 billion to $21.26 billion. For the next financial year, analysts forecast that the firm will report sales of $21.85 billion, with estimates ranging from $21.41 billion to $22.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Genuine Parts.

Genuine Parts (NYSE:GPCGet Rating) last released its earnings results on Thursday, April 21st. The specialty retailer reported $1.86 EPS for the quarter, topping the consensus estimate of $1.70 by $0.16. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Genuine Parts had a return on equity of 30.84% and a net margin of 4.71%. Genuine Parts’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS.

Several brokerages recently issued reports on GPC. Bank of America raised Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 price target on the stock in a report on Tuesday. They noted that the move was a valuation call. StockNews.com assumed coverage on Genuine Parts in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, Wedbush reiterated a “neutral” rating on shares of Genuine Parts in a research note on Friday, February 18th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Genuine Parts has an average rating of “Hold” and an average target price of $139.25.

Several hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Genuine Parts by 4.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,665 shares of the specialty retailer’s stock valued at $233,000 after purchasing an additional 76 shares during the last quarter. First National Trust Co boosted its stake in Genuine Parts by 0.4% during the first quarter. First National Trust Co now owns 21,502 shares of the specialty retailer’s stock worth $2,710,000 after buying an additional 76 shares during the period. CVA Family Office LLC increased its position in shares of Genuine Parts by 10.8% during the fourth quarter. CVA Family Office LLC now owns 792 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 77 shares during the last quarter. Marcum Wealth LLC raised its stake in shares of Genuine Parts by 2.8% in the 1st quarter. Marcum Wealth LLC now owns 2,865 shares of the specialty retailer’s stock valued at $361,000 after acquiring an additional 77 shares during the period. Finally, Naples Global Advisors LLC lifted its holdings in shares of Genuine Parts by 0.8% in the 4th quarter. Naples Global Advisors LLC now owns 9,787 shares of the specialty retailer’s stock worth $1,372,000 after acquiring an additional 78 shares during the last quarter. 76.92% of the stock is owned by institutional investors.

Shares of NYSE GPC traded up $2.08 during midday trading on Monday, hitting $134.78. The stock had a trading volume of 627,972 shares, compared to its average volume of 718,648. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.96 and a beta of 1.00. Genuine Parts has a 1-year low of $115.63 and a 1-year high of $142.97. The company has a fifty day moving average price of $129.69 and a 200 day moving average price of $131.58. The company has a quick ratio of 0.58, a current ratio of 1.16 and a debt-to-equity ratio of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 3rd will be given a dividend of $0.895 per share. The ex-dividend date is Thursday, June 2nd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.66%. Genuine Parts’s dividend payout ratio (DPR) is presently 55.42%.

About Genuine Parts (Get Rating)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, 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.

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