Genuine Parts (GPC) Issues FY18 Earnings Guidance

Genuine Parts (NYSE:GPC) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $5.60-5.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.93. The company issued revenue guidance of $18.27-18.43 billion, compared to the consensus revenue estimate of $18.16 billion.

Several brokerages have commented on GPC. Zacks Investment Research downgraded shares of Genuine Parts from a buy rating to a hold rating in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed 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. Moffett Nathanson began coverage on shares of Genuine Parts in a research note on Monday, December 4th. They issued a sell rating for the company. Bank of America reduced their price target on shares of Genuine Parts from $90.00 to $80.00 and set an underperform rating for the company in a report on Wednesday, February 21st. Finally, Royal Bank of Canada reduced their target price on shares of Genuine Parts to $100.00 and set a market perform rating for the company in a report on Wednesday, February 21st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Genuine Parts currently has a consensus rating of Hold and an average price target of $97.71.

Shares of Genuine Parts (NYSE:GPC) traded down $1.35 on Wednesday, hitting $90.38. 826,497 shares of the stock traded hands, compared to its average volume of 909,228. The company has a market capitalization of $13,553.87, a price-to-earnings ratio of 21.62, a PEG ratio of 2.43 and a beta of 1.22. Genuine Parts has a 52 week low of $79.86 and a 52 week high of $107.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.34 and a quick ratio of 0.65.

Genuine Parts (NYSE:GPC) last issued 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. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.05 billion. Genuine Parts had a net margin of 3.78% and a return on equity of 20.48%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. sell-side analysts expect that Genuine Parts will post 5.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a $0.72 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.68. This represents a $2.88 annualized dividend and a dividend yield of 3.19%. Genuine Parts’s dividend payout ratio is presently 68.90%.

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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.

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

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