Genuine Parts (GPC) Projected to Post Quarterly Earnings on Tuesday

Genuine Parts (NYSE:GPC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce 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.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.07. The business had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period in the previous year, the company posted $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 Stock Up 1.6 %

Shares of GPC stock traded up $1.85 on Friday, hitting $114.02. The stock had a trading volume of 1,632,737 shares, compared to its average volume of 1,235,831. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a one year low of $104.01 and a one year high of $163.86. The business has a 50 day moving average price of $119.81 and a 200 day moving average price of $121.32. The company has a market cap of $15.82 billion, a PE ratio of 17.62 and a beta of 0.82.

Genuine Parts Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GPC shares. Northcoast Research downgraded shares of Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. The Goldman Sachs Group restated a "sell" rating and issued a $114.00 target price (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. StockNews.com upgraded Genuine Parts from a "hold" rating to a "buy" rating in a report on Friday. Evercore ISI upgraded Genuine Parts from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $128.00 to $135.00 in a research note on Friday, April 4th. Finally, Truist Financial raised their price target on Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of "Hold" and an average target price of $135.88.

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.