Genuine Parts (GPC) Expected to Announce Quarterly Earnings on Tuesday

Genuine Parts (NYSE:GPC) is expected to be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect Genuine Parts to post earnings of $1.66 per share and revenue of $5.83 billion for the quarter. Genuine Parts has set its FY 2025 guidance at 7.750-8.250 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.07. The business had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same period in the prior year, the company earned $2.26 EPS. On average, analysts expect Genuine Parts to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Genuine Parts Price Performance

Genuine Parts stock opened at $114.02 on Monday. The stock has a 50-day moving average price of $119.81 and a two-hundred day moving average price of $121.22. The company has a market capitalization of $15.82 billion, a PE ratio of 17.62 and a beta of 0.82. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $163.86. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.12 annualized dividend and a yield of 3.61%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GPC shares. The Goldman Sachs Group reiterated a “sell” rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial increased their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Loop Capital began coverage on Genuine Parts in a research note on Thursday, January 16th. They set a “buy” rating and a $155.00 price target for the company. Evercore ISI upgraded shares of Genuine Parts from an “in-line” rating to an “outperform” rating and upped their price target for the company from $128.00 to $135.00 in a research report on Friday, April 4th. Finally, StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.00.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: 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 equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.